Signature Estate & Investment Advisors LLC Grows Stock Holdings in Prologis, Inc. (NYSE:PLD)

Signature Estate & Investment Advisors LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD – Get Rating) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,684 shares of the real estate investment trust’s stock after purchasing an additional 5,152 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Prologis were worth $10,448,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PLD. HHM Wealth Advisors LLC lifted its position in shares of Prologis by 115.3% during the 3rd quarter. HHM Wealth Advisors LLC now owns 351 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 188 shares during the last quarter. MV Capital Management Inc. lifted its position in shares of Prologis by 98.9% during the 3rd quarter. MV Capital Management Inc. now owns 360 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 179 shares during the last quarter. Dakota Community Bank & Trust NA acquired a new stake in Prologis during the 4th quarter worth $39,000. TCI Wealth Advisors Inc. raised its stake in Prologis by 34.3% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 399 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 102 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its stake in Prologis by 28.2% during the 3rd quarter. Bell Investment Advisors Inc now owns 427 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 94 shares in the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on PLD shares. Truist Financial lifted their price target on shares of Prologis from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, January 26th. BMO Capital Markets lifted their price target on shares of Prologis from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, January 30th. Morgan Stanley lifted their price target on shares of Prologis from $121.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, January 23rd. Barclays cut their price target on shares of Prologis from $162.00 to $160.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 31st. Finally, JPMorgan Chase & Co. lowered shares of Prologis from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $124.00 to $130.00 in a research note on Friday, December 16th. One analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

Prologis Stock Down 3.4 %

Shares of NYSE:PLD opened at $116.03 on Friday. The company has a market cap of $107.15 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 3.07 and a beta of 0.99. The firm’s 50-day simple moving average is $124.51 and its 200-day simple moving average is $116.61. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.41. Prologis, Inc. has a fifty-two week low of $98.03 and a fifty-two week high of $174.54.

Prologis (NYSE:PLD – Get Rating) last issued its earnings results on Wednesday, January 18th. The real estate investment trust reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.03. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.46 billion. Prologis had a net margin of 56.33% and a return on equity of 7.71%. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 earnings per share. As a group, equities research analysts predict that Prologis, Inc. will post 5.52 earnings per share for the current year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be issued a dividend of $0.87 per share. The ex-dividend date is Thursday, March 16th. This represents a $3.48 dividend on an annualized basis and a yield of 3.00%. This is an increase from Prologis’s previous quarterly dividend of $0.79. Prologis’s payout ratio is currently 80.00%.

Prologis Company Profile

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Prologis, Inc engages in providing logistics solutions and services. It operates through the Real Estate and Strategic Capital segments. The Real Estate segment includes rental operations and development. The Strategic Capital segment represents the management of co-investment ventures and other unconsolidated entities.