Prologis, Inc. (NYSE:PLD) Shares Sold by First Affirmative Financial Network

First Affirmative Financial Network trimmed its holdings in Prologis, Inc. (NYSE:PLD) by 24.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,207 shares of the real estate investment trust’s stock after selling 1,012 shares during the quarter. First Affirmative Financial Network’s holdings in Prologis were worth $339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLD. Sunbelt Securities Inc. grew its stake in Prologis by 640.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 224 shares in the last quarter. Dunhill Financial LLC grew its position in shares of Prologis by 239.5% in the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 182 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of Prologis in the third quarter valued at approximately $48,000. Coastline Trust Co purchased a new position in Prologis during the third quarter worth approximately $52,000. Finally, Fortitude Family Office LLC boosted its stake in Prologis by 120.6% during the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 240 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Trading Down 0.7 %

Shares of PLD stock opened at $119.35 on Thursday. The business’s fifty day moving average price is $110.73 and its 200 day moving average price is $118.41. The firm has a market capitalization of $110.53 billion, a PE ratio of 29.84, 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 current ratio of 0.23 and a quick ratio of 0.43. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $135.76.

Prologis Dividend Announcement

The business 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.22%. Prologis’s dividend payout ratio (DPR) is presently 96.00%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group raised their target price on Prologis from $121.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays lifted their target price on shares of Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Truist Financial lifted their price target on shares of Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research report on Monday. Finally, BMO Capital Markets lowered Prologis from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $128.72.

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.