B. Riley Wealth Advisors Inc. Makes New $875,000 Investment in Prologis, Inc. $PLD

B. Riley Wealth Advisors Inc. purchased a new stake in Prologis, Inc. (NYSE:PLD) during the 2nd quarter, Holdings Channel reports. The firm purchased 8,320 shares of the real estate investment trust’s stock, valued at approximately $875,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Activest Wealth Management boosted its holdings in shares of Prologis by 637.1% during the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 223 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in Prologis during the first quarter worth about $34,000. Saudi Central Bank bought a new position in shares of Prologis during the 1st quarter worth about $41,000. Barrett & Company Inc. bought a new position in shares of Prologis during the 2nd quarter worth approximately $44,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Prologis in the second quarter valued at about $44,000. 93.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PLD shares. Scotiabank upped their price objective on Prologis from $127.00 to $133.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Barclays lowered their price target on Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research report on Monday, September 15th. Evercore ISI lifted their target price on Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prologis in a report on Monday, December 8th. Finally, Bank of America upgraded Prologis from a “neutral” rating to a “buy” rating and increased their price target for the company from $118.00 to $130.00 in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.88.

Prologis Stock Up 0.4%

Shares of NYSE PLD opened at $130.71 on Tuesday. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $131.70. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $124.63 and a 200 day moving average price of $114.89. The stock has a market capitalization of $121.42 billion, a price-to-earnings ratio of 38.11, a price-to-earnings-growth ratio of 4.00 and a beta of 1.40.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, topping the consensus estimate of $1.44 by $0.05. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Equities research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 117.78%.

Insiders Place Their Bets

In other news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the sale, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 1,621 shares of company stock worth $198,655. Insiders own 0.57% of the company’s stock.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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 (115 million square meters) in 19 countries.