Baldwin Wealth Partners LLC MA Has $9.01 Million Position in Prologis, Inc. (NYSE:PLD)

Baldwin Wealth Partners LLC MA grew its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,251 shares of the real estate investment trust's stock after acquiring an additional 8,903 shares during the quarter. Baldwin Wealth Partners LLC MA's holdings in Prologis were worth $9,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Prologis by 534.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust's stock worth $1,280,928,000 after purchasing an additional 8,545,336 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Prologis by 145.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust's stock valued at $456,320,000 after buying an additional 2,138,693 shares during the period. AMF Tjanstepension AB raised its stake in shares of Prologis by 267.9% in the third quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust's stock valued at $236,879,000 after acquiring an additional 1,365,811 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Prologis by 547.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,034,000 shares of the real estate investment trust's stock valued at $116,129,000 after buying an additional 874,411 shares during the period. Finally, Cardano Risk Management B.V. bought a new position in Prologis in the 3rd quarter valued at $109,579,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PLD. Scotiabank decreased their price objective on Prologis from $134.00 to $133.00 and set a "sector outperform" rating for the company in a report on Monday. BNP Paribas raised Prologis to a "strong-buy" rating in a report on Wednesday, January 22nd. BMO Capital Markets lowered shares of Prologis from a "market perform" rating to an "underperform" rating and dropped their price objective for the company from $120.00 to $104.00 in a report on Friday, December 6th. JPMorgan Chase & Co. reduced their price target on shares of Prologis from $138.00 to $131.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. Finally, Mizuho lowered their target price on Prologis from $119.00 to $117.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.78.

Prologis Stock Performance

PLD traded up $2.36 during trading hours on Monday, hitting $121.29. The company's stock had a trading volume of 5,253,379 shares, compared to its average volume of 4,886,773. The company has a 50-day simple moving average of $110.49 and a 200 day simple moving average of $118.41. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $112.33 billion, a PE ratio of 30.32, a PEG ratio of 3.19 and a beta of 1.09. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Monday, December 16th. Prologis's payout ratio is currently 96.00%.

Prologis Company Profile

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.