RFG Advisory LLC Acquires 3,379 Shares of Prologis, Inc. (NYSE:PLD)

RFG Advisory LLC increased its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,840 shares of the real estate investment trust's stock after acquiring an additional 3,379 shares during the period. RFG Advisory LLC's holdings in Prologis were worth $2,731,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PLD. Sunbelt Securities Inc. grew its stake in shares of Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 224 shares in the last quarter. Dunhill Financial LLC raised its stake in Prologis by 239.5% in the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 182 shares during the period. Hara Capital LLC bought a new stake in shares of Prologis during the 3rd quarter worth about $48,000. Coastline Trust Co bought a new position in Prologis during the 3rd quarter worth $52,000. Finally, Fortitude Family Office LLC boosted its position 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 acquiring an additional 240 shares during the period. Institutional investors own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PLD shares. Scotiabank dropped their price target on shares of Prologis from $136.00 to $134.00 and set a "sector outperform" rating for the company in a research report on Wednesday, December 4th. Mizuho cut their target price on Prologis from $119.00 to $117.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Raymond James restated an "outperform" rating and issued a $125.00 price target (down previously from $130.00) on shares of Prologis in a research 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 report on Monday, October 21st. Finally, Wolfe Research decreased 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $128.67.

Prologis Trading Up 0.3 %

Prologis stock 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. 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 quick ratio of 0.43, a current ratio of 0.23 and a debt-to-equity ratio of 0.53. The business's 50 day simple moving average is $110.49 and its 200-day simple moving average is $118.37. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76.

Prologis Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Monday, December 16th. Prologis's payout ratio is currently 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.