Cyndeo Wealth Partners LLC increased its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,927 shares of the real estate investment trust's stock after buying an additional 2,305 shares during the period. Cyndeo Wealth Partners LLC's holdings in Prologis were worth $5,806,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. ASB Consultores LLC lifted its holdings in Prologis by 3.7% in the 3rd quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust's stock valued at $306,000 after purchasing an additional 86 shares in the last quarter. CX Institutional lifted its holdings in Prologis by 2.7% in the 3rd quarter. CX Institutional now owns 3,347 shares of the real estate investment trust's stock valued at $423,000 after purchasing an additional 88 shares in the last quarter. DT Investment Partners LLC lifted its holdings in Prologis by 9.8% in the 3rd quarter. DT Investment Partners LLC now owns 1,043 shares of the real estate investment trust's stock valued at $132,000 after purchasing an additional 93 shares in the last quarter. Carmel Capital Partners LLC lifted its holdings in Prologis by 2.6% in the 3rd quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust's stock valued at $473,000 after purchasing an additional 94 shares in the last quarter. Finally, Yoder Wealth Management Inc. lifted its holdings in Prologis by 4.0% in the 3rd quarter. Yoder Wealth Management Inc. now owns 2,500 shares of the real estate investment trust's stock valued at $316,000 after purchasing an additional 97 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.
Prologis Stock Up 0.3 %
NYSE:PLD traded up $0.36 during trading hours on Friday, hitting $118.90. The stock had a trading volume of 4,165,829 shares, compared to its average volume of 4,053,838. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $135.76. 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 company has a market cap of $110.12 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09. The business has a 50 day simple moving average of $110.49 and a two-hundred day simple moving average of $118.37.
Prologis Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.96 per share. 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 payout ratio is currently 96.00%.
Wall Street Analysts Forecast Growth
PLD has been the topic of a number of recent research reports. Wolfe Research reduced their target price on shares of Prologis from $135.00 to $128.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Truist Financial reduced their target price on shares of Prologis from $132.00 to $121.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Barclays increased their price objective on shares of Prologis from $131.00 to $132.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. BMO Capital Markets lowered shares of Prologis from a "market perform" rating to an "underperform" rating and cut their price objective for the stock from $120.00 to $104.00 in a report on Friday, December 6th. Finally, Raymond James reiterated an "outperform" rating and set a $125.00 price objective (down from $130.00) on shares of Prologis in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $128.67.
Read Our Latest Analysis on Prologis
About Prologis
(
Free Report)
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.
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