Brighton Jones LLC Has $1.85 Million Stock Position in Prologis, Inc. (NYSE:PLD)

Brighton Jones LLC grew its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 629.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,475 shares of the real estate investment trust's stock after purchasing an additional 15,078 shares during the quarter. Brighton Jones LLC's holdings in Prologis were worth $1,847,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Raymond James restated an "outperform" rating and set a $125.00 price target (down from $130.00) on shares of Prologis in a research report on Wednesday, December 11th. Truist Financial decreased their price target on Prologis from $132.00 to $121.00 and set a "buy" rating for the company in a research note on Friday, January 17th. BNP Paribas raised Prologis to a "strong-buy" rating in a research note on Wednesday. Scotiabank dropped their price target on Prologis from $136.00 to $134.00 and set a "sector outperform" rating on the stock in a report on Wednesday, December 4th. Finally, Barclays boosted their target price on shares of Prologis from $131.00 to $132.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $128.67.

Prologis Stock Up 0.3 %

Shares of NYSE:PLD traded up $0.36 during trading on Friday, hitting $118.90. 4,165,829 shares of the company were exchanged, compared to its average volume of 4,053,838. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The stock has a market cap of $110.12 billion, a price-to-earnings ratio of 29.73, a P/E/G ratio of 3.19 and a beta of 1.09. 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 fifty day moving average price of $110.49 and a two-hundred day moving average price of $118.37.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Monday, December 16th. Prologis's dividend payout ratio (DPR) is presently 96.00%.

Prologis 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.