BankPlus Wealth Management LLC Invests $268,000 in Prologis, Inc. (NYSE:PLD)

BankPlus Wealth Management LLC purchased a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,537 shares of the real estate investment trust's stock, valued at approximately $268,000.

Other institutional investors have also recently modified their holdings of the company. Sunbelt Securities Inc. raised its stake in shares of Prologis by 640.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust's stock worth $29,000 after buying an additional 224 shares during the last quarter. Dunhill Financial LLC raised its position in Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 182 shares during the last quarter. Hara Capital LLC purchased a new stake in shares of Prologis in the third quarter valued at about $48,000. Coastline Trust Co purchased a new position in shares of Prologis during the 3rd quarter worth approximately $52,000. Finally, Fortitude Family Office LLC increased its stake in shares of Prologis by 120.6% during the 3rd quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 240 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Raymond James reiterated an "outperform" rating and set a $125.00 target price (down previously from $130.00) on shares of Prologis in a report on Wednesday, December 11th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $132.00 price objective (down previously from $142.00) on shares of Prologis in a research note on Monday, October 21st. Royal Bank of Canada boosted their price objective on shares of Prologis from $125.00 to $128.00 and gave the company a "sector perform" rating in a research report on Monday. Wolfe Research dropped their target price on Prologis from $135.00 to $128.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, Mizuho decreased their price target 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 research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Prologis has an average rating of "Moderate Buy" and an average price target of $128.72.

Prologis Stock Down 0.9 %

Prologis stock traded down $1.05 during midday trading on Tuesday, hitting $120.20. 1,861,852 shares of the company were exchanged, compared to its average volume of 4,702,271. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The company's fifty day moving average price is $110.63 and its 200-day moving average price is $118.41. The company has a market cap of $111.33 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Monday, December 16th. Prologis's payout ratio is 96.00%.

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.