Headlands Technologies LLC Acquires New Holdings in Prologis, Inc. (NYSE:PLD)

Headlands Technologies LLC acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 338 shares of the real estate investment trust’s stock, valued at approximately $45,000.

A number of other institutional investors also recently added to or reduced their stakes in PLD. Thompson Investment Management Inc. bought a new stake in Prologis during the fourth quarter valued at about $28,000. FinTrust Capital Advisors LLC boosted its position in Prologis by 966.7% during the third quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 232 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in Prologis during the fourth quarter valued at about $37,000. FNY Investment Advisers LLC acquired a new stake in Prologis in the fourth quarter worth about $39,000. Finally, Valley National Advisers Inc. boosted its holdings in Prologis by 178.6% in the third quarter. Valley National Advisers Inc. now owns 390 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 0.2 %

Prologis stock opened at $101.84 on Thursday. The stock has a market capitalization of $94.29 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 2.18 and a beta of 1.00. Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52. The business has a 50 day simple moving average of $123.24 and a 200-day simple moving average of $121.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.29 and a quick ratio of 0.29.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.77%. This is a boost from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Friday, March 15th. Prologis’s payout ratio is presently 112.28%.

Analysts Set New Price Targets

PLD has been the subject of several recent analyst reports. StockNews.com downgraded Prologis from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Mizuho reissued a “neutral” rating and issued a $130.00 price target on shares of Prologis in a report on Tuesday, April 2nd. The Goldman Sachs Group lowered their price target on Prologis from $163.00 to $140.00 and set a “buy” rating for the company in a report on Monday, April 22nd. JPMorgan Chase & Co. lowered their price target on Prologis from $143.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Finally, Barclays lowered their price target on Prologis from $135.00 to $123.00 and set an “overweight” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.35.

About Prologis

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.