Janney Montgomery Scott LLC Buys 16,222 Shares of Prologis, Inc. (NYSE:PLD)

Janney Montgomery Scott LLC grew its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 459,154 shares of the real estate investment trust's stock after acquiring an additional 16,222 shares during the quarter. Janney Montgomery Scott LLC's holdings in Prologis were worth $48,533,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. grew its position in Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 224 shares during the last quarter. Dunhill Financial LLC increased its stake in shares of Prologis by 239.5% in the third 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. Hara Capital LLC acquired a new stake in shares of Prologis in the third quarter valued at approximately $48,000. Coastline Trust Co acquired a new stake in shares of Prologis in the third quarter valued at approximately $52,000. Finally, Fortitude Family Office LLC increased its stake in shares of Prologis by 120.6% in 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. Institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on PLD. Robert W. Baird upgraded shares of Prologis from a "neutral" rating to an "outperform" rating and dropped their price target for the company from $124.00 to $123.00 in a research note on Monday, January 6th. Baird R W upgraded shares of Prologis from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. BTIG Research lowered their price objective on shares of Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered their price objective on shares of Prologis from $138.00 to $131.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. Finally, Truist Financial lowered their price objective on shares of Prologis from $132.00 to $121.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Prologis currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.67.

Prologis Stock Up 0.9 %

Shares of NYSE PLD traded up $1.03 during mid-day trading on Friday, reaching $119.57. The company had a trading volume of 2,432,005 shares, compared to its average volume of 4,742,063. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The stock's 50 day moving average is $110.38 and its 200-day moving average is $118.34. The stock has a market capitalization of $110.74 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.21%. 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.