B.O.S.S. Retirement Advisors LLC Acquires 149 Shares of Prologis, Inc. (NYSE:PLD)

B.O.S.S. Retirement Advisors LLC grew its position in shares of Prologis, Inc. (NYSE:PLD) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,437 shares of the real estate investment trust’s stock after acquiring an additional 149 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Prologis were worth $2,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC purchased a new position in Prologis during the 1st quarter worth $25,000. Sageworth Trust Co purchased a new position in shares of Prologis in the 1st quarter worth about $26,000. Headlands Technologies LLC purchased a new position in shares of Prologis in the 1st quarter worth about $30,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Prologis in the 1st quarter worth about $31,000. Finally, Centerpoint Advisors LLC purchased a new position in shares of Prologis in the 1st quarter worth about $34,000. 90.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PLD. BTIG Research boosted their price target on shares of Prologis from $152.00 to $154.00 in a report on Wednesday, July 19th. Truist Financial cut their price target on shares of Prologis from $140.00 to $135.00 in a report on Tuesday, June 27th. 888 reissued a “maintains” rating on shares of Prologis in a report on Wednesday, June 28th. BNP Paribas raised shares of Prologis from a “neutral” rating to an “outperform” rating and set a $141.00 price objective on the stock in a report on Thursday, July 20th. Finally, StockNews.com started coverage on shares of Prologis in a report on Thursday, August 17th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.65.

Insider Buying and Selling at Prologis

In other Prologis news, Director George L. Fotiades sold 10,711 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $123.98, for a total transaction of $1,327,949.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Prologis Price Performance

Shares of PLD stock traded down $0.28 during trading on Friday, hitting $123.18. The company had a trading volume of 4,818,489 shares, compared to its average volume of 2,884,437. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average is $123.66 and its two-hundred day moving average is $122.82. The stock has a market capitalization of $113.80 billion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 2.42 and a beta of 0.98. Prologis, Inc. has a 52 week low of $98.03 and a 52 week high of $136.67.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Tuesday, July 18th. The real estate investment trust reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Prologis had a net margin of 42.52% and a return on equity of 6.17%. Prologis’s revenue for the quarter was up 95.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.11 earnings per share. As a group, analysts predict that Prologis, Inc. will post 5.59 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Friday, September 15th. Prologis’s payout ratio is currently 91.58%.

Prologis Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At June 30, 2023, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (114 million square meters) in 19 countries.