Cwm LLC Decreases Stake in Prologis, Inc. (NYSE:PLD)

Cwm LLC lessened its holdings in shares of Prologis, Inc. (NYSE:PLD) by 15.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,211 shares of the real estate investment trust’s stock after selling 3,211 shares during the quarter. Cwm LLC’s holdings in Prologis were worth $2,427,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Family Legacy Inc. raised its stake in shares of Prologis by 0.5% in the 4th quarter. Family Legacy Inc. now owns 16,634 shares of the real estate investment trust’s stock valued at $2,217,000 after acquiring an additional 87 shares during the period. Lockerman Financial Group Inc. lifted its stake in shares of Prologis by 2.0% during the fourth quarter. Lockerman Financial Group Inc. now owns 4,402 shares of the real estate investment trust’s stock worth $587,000 after purchasing an additional 87 shares in the last quarter. Hixon Zuercher LLC boosted its position in shares of Prologis by 0.6% in the fourth quarter. Hixon Zuercher LLC now owns 14,631 shares of the real estate investment trust’s stock worth $1,950,000 after buying an additional 88 shares during the period. AdvisorNet Financial Inc grew its stake in shares of Prologis by 11.0% in the fourth quarter. AdvisorNet Financial Inc now owns 911 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 90 shares in the last quarter. Finally, Holistic Financial Partners grew its stake in shares of Prologis by 5.3% in the third quarter. Holistic Financial Partners now owns 1,926 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the subject of a number of analyst reports. TheStreet upgraded Prologis from a “c+” rating to a “b-” rating in a report on Friday, January 26th. BMO Capital Markets downgraded shares of Prologis from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $145.00 to $112.00 in a research note on Monday. Barclays dropped their price target on shares of Prologis from $141.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. Robert W. Baird upped their price objective on shares of Prologis from $133.00 to $137.00 and gave the company a “neutral” rating in a research report on Tuesday, January 23rd. Finally, The Goldman Sachs Group dropped their target price on Prologis from $163.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.24.

Prologis Price Performance

PLD opened at $103.35 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.08 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $125.65 and its 200 day moving average price is $121.90. Prologis, Inc. has a fifty-two week low of $96.64 and a fifty-two week high of $137.52. The firm has a market cap of $95.60 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 2.17 and a beta of 1.00.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were issued a $0.96 dividend. This is an increase from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Friday, March 15th. This represents a $3.84 annualized dividend and a dividend yield of 3.72%. Prologis’s dividend payout ratio (DPR) is 112.28%.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.