Sequoia Financial Advisors LLC Grows Holdings in Prologis, Inc. (NYSE:PLD)

Sequoia Financial Advisors LLC boosted its holdings in Prologis, Inc. (NYSE:PLD – Get Rating) by 100.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,510 shares of the real estate investment trust’s stock after purchasing an additional 3,258 shares during the period. Sequoia Financial Advisors LLC’s holdings in Prologis were worth $734,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Atwood & Palmer Inc. purchased a new stake in Prologis during the fourth quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Prologis by 4,000.0% during the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 246 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 240 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Prologis by 69.2% in the 4th quarter. Financial Management Professionals Inc. now owns 269 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 110 shares during the period. Armstrong Advisory Group Inc. purchased a new position in Prologis in the fourth quarter valued at approximately $30,000. Finally, First Personal Financial Services grew its holdings in Prologis by 331.2% during the fourth quarter. First Personal Financial Services now owns 332 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 255 shares during the period. Institutional investors own 75.84% of the company’s stock.

Prologis Trading Up 0.8 %

PLD stock opened at $121.98 on Friday. The company has a market capitalization of $112.64 billion, a PE ratio of 36.85, a P/E/G ratio of 2.88 and a beta of 1.00. Prologis, Inc. has a 12 month low of $98.03 and a 12 month high of $138.86. The firm’s 50-day moving average is $122.26 and its 200 day moving average is $120.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.35 and a quick ratio of 0.35.

Prologis (NYSE:PLD – Get Rating) last issued its quarterly earnings data on Tuesday, April 18th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.71). The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. Prologis had a return on equity of 5.54% and a net margin of 41.06%. The business’s quarterly revenue was up 64.3% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. On average, research analysts anticipate that Prologis, Inc. will post 5.49 EPS for the current year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Thursday, June 15th. Prologis’s dividend payout ratio (DPR) is presently 105.14%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James boosted their target price on Prologis from $130.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Wednesday, February 1st. BMO Capital Markets lifted their target price 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. Truist Financial lifted their target price 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. StockNews.com began coverage on shares of Prologis in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group raised their price target on Prologis from $157.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, April 19th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.90.

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.