Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Prologis, Inc. (NYSE:PLD – Free Report) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,699,822 shares of the real estate investment trust’s stock after purchasing an additional 185,393 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.18% of Prologis worth $217,462,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Clayton Financial Group LLC purchased a new position in Prologis during the third quarter worth approximately $26,000. Eagle Bay Advisors LLC purchased a new position in Prologis during the fourth quarter worth approximately $27,000. True Wealth Design LLC boosted its position in Prologis by 87.1% during the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 122 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in Prologis during the third quarter worth approximately $36,000. Finally, Rossby Financial LCC boosted its position in Prologis by 69.6% during the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.
Prologis Price Performance
Shares of Prologis stock opened at $142.17 on Wednesday. Prologis, Inc. has a 12 month low of $98.77 and a 12 month high of $145.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.58. The stock has a market capitalization of $132.53 billion, a P/E ratio of 35.81, a PEG ratio of 3.41 and a beta of 1.40. The business has a 50 day simple moving average of $136.48 and a two-hundred day simple moving average of $130.32.
Prologis Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a $1.07 dividend. This is a boost from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th. Prologis’s payout ratio is 107.81%.
Wall Street Analyst Weigh In
PLD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a report on Tuesday. The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 target price on shares of Prologis in a report on Friday. Truist Financial reduced their target price on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a report on Monday, January 26th. Jefferies Financial Group reduced their target price on Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Mizuho increased their target price on Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average price target of $145.55.
Check Out Our Latest Stock Analysis on PLD
Key Stories Impacting Prologis
Here are the key news stories impacting Prologis this week:
- Positive Sentiment: Major broker upgrades and price?target raises increase upside expectations for PLD and likely boost buying interest. Bank of America raised its target to $162 and maintained a buy rating. Bank of America Increases Prologis (NYSE:PLD) Price Target to $162.00
- Positive Sentiment: JPMorgan lifted its price target to $157 and kept an overweight rating, signaling institutional confidence in Prologis’ outlook. JPMorgan Adjusts Price Target on Prologis to $157
- Positive Sentiment: Citigroup raised its target to $165 and kept a buy rating, adding to the cluster of upward revisions from large sell?side firms. Citigroup Adjusts Price Target on Prologis to $165
- Positive Sentiment: Scotiabank and others also nudged targets higher (Scotiabank to $154), reinforcing consensus bullishness and raising implied upside. Scotiabank Raises Price Target on Prologis
- Positive Sentiment: Analysts’ consensus rating of “Moderate Buy” consolidates the positive broker view and can drive demand from institutional and retail investors following analyst signals. Prologis, Inc. (NYSE:PLD) Given Consensus Rating of “Moderate Buy” by Analysts
- Positive Sentiment: Strategic growth news: Prologis launched a multi?billion dollar pan?European logistics joint venture with La Caisse and global partners (including GIC), expanding fee?earning platforms and European footprint — a direct growth catalyst for rents, development pipelines and platform economics. Prologis Expands European Logistics Platform With La Caisse And Global Partners
- Neutral Sentiment: Media coverage positioning PLD as a momentum stock can attract momentum/retail flows but is not a fundamental change; read for sentiment and volume implications. Prologis (PLD) is a Great Momentum Stock: Should You Buy?
- Neutral Sentiment: Analyst?view summary pieces debate whether to buy based on bullish Wall Street sentiment; useful for gauging narrative risk but not new fundamental data. Should You Invest in Prologis (PLD) Based on Bullish Wall Street Views?
Prologis Company Profile
Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.
With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.
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