Prologis, Inc. (NYSE:PLD) is Vert Asset Management LLC's 5th Largest Position

Vert Asset Management LLC raised its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,621 shares of the real estate investment trust's stock after purchasing an additional 19,750 shares during the quarter. Prologis accounts for 6.6% of Vert Asset Management LLC's investment portfolio, making the stock its 5th largest position. Vert Asset Management LLC's holdings in Prologis were worth $19,303,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PLD. Coronation Fund Managers Ltd. bought a new stake in shares of Prologis in the second quarter worth about $878,000. Mackenzie Financial Corp lifted its position in shares of Prologis by 4.2% in the 2nd quarter. Mackenzie Financial Corp now owns 121,838 shares of the real estate investment trust's stock worth $13,684,000 after purchasing an additional 4,952 shares during the period. Creative Planning lifted its position in shares of Prologis by 1.7% in the 2nd quarter. Creative Planning now owns 84,644 shares of the real estate investment trust's stock worth $9,506,000 after purchasing an additional 1,401 shares during the period. Magnolia Capital Advisors LLC purchased a new stake in Prologis in the second quarter worth about $1,826,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Prologis by 16.6% during the 2nd quarter. NewEdge Advisors LLC now owns 75,000 shares of the real estate investment trust's stock worth $8,423,000 after acquiring an additional 10,687 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

PLD has been the subject of a number of research reports. Raymond James reiterated an "outperform" rating and issued a $125.00 price objective (down previously from $130.00) on shares of Prologis in a report on Wednesday, December 11th. 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 cut their target price on shares of Prologis from $154.00 to $134.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Royal Bank of Canada raised their price target on Prologis from $125.00 to $128.00 and gave the stock a "sector perform" rating in a research note on Monday. Finally, BMO Capital Markets cut Prologis from a "market perform" rating to an "underperform" rating and reduced their price objective for the company from $120.00 to $104.00 in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $128.72.

Prologis Trading Down 0.9 %

NYSE PLD traded down $1.05 during trading on Tuesday, hitting $120.20. The stock had a trading volume of 1,861,852 shares, compared to its average volume of 4,702,271. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76. The stock has a 50 day simple moving average of $110.63 and a 200 day simple moving average of $118.41. The stock has a market capitalization of $111.33 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of 3.19 and a beta of 1.09. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Monday, December 16th. Prologis's payout ratio is currently 96.00%.

Prologis Company 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.