Prologis, Inc. (NYSE:PLD) is Presima Securities ULC's 2nd Largest Position

Presima Securities ULC lifted its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 31.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 412,660 shares of the real estate investment trust's stock after purchasing an additional 97,833 shares during the quarter. Prologis comprises about 10.7% of Presima Securities ULC's holdings, making the stock its 2nd biggest holding. Presima Securities ULC's holdings in Prologis were worth $43,618,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. RFG Advisory LLC boosted its holdings in shares of Prologis by 15.0% in the 4th quarter. RFG Advisory LLC now owns 25,840 shares of the real estate investment trust's stock valued at $2,731,000 after buying an additional 3,379 shares in the last quarter. Brighton Jones LLC increased its position in shares of Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock worth $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Apeiron RIA LLC acquired a new stake in shares of Prologis in the 4th quarter valued at about $216,000. Verde Capital Management increased its position in Prologis by 3.2% during the fourth quarter. Verde Capital Management now owns 16,325 shares of the real estate investment trust's stock worth $1,726,000 after buying an additional 510 shares during the period. Finally, Red Door Wealth Management LLC increased its position in Prologis by 6.4% during the fourth quarter. Red Door Wealth Management LLC now owns 37,830 shares of the real estate investment trust's stock worth $3,999,000 after buying an additional 2,261 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 equities analysts have recently commented on the stock. Baird R W raised shares of Prologis from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Raymond James reissued an "outperform" rating and issued a $125.00 target price (down previously from $130.00) on shares of Prologis in a report on Wednesday, December 11th. Scotiabank cut their price target on shares of Prologis from $136.00 to $134.00 and set a "sector outperform" rating for the company in a report on Wednesday, December 4th. The Goldman Sachs Group reissued a "neutral" rating and set a $132.00 target price (down from $142.00) on shares of Prologis in a research note on Monday, October 21st. Finally, BMO Capital Markets downgraded Prologis from a "market perform" rating to an "underperform" rating and decreased their price target for the company from $120.00 to $104.00 in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Prologis presently has a consensus rating of "Moderate Buy" and an average target price of $128.67.

Prologis Price Performance

Shares of PLD traded up $0.36 during mid-day trading on Friday, reaching $118.90. 4,165,829 shares of the company's stock were exchanged, compared to its average volume of 4,053,838. Prologis, Inc. has a 52-week low of $100.82 and a 52-week high of $135.76. The company has a quick ratio of 0.43, a current ratio of 0.23 and a debt-to-equity ratio of 0.53. The company has a 50-day simple moving average of $110.49 and a two-hundred day simple moving average of $118.37. The company has a market cap of $110.12 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 3.19 and a beta of 1.09.

Prologis Dividend Announcement

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