Prologis, Inc. (NYSE:PLD) Shares Sold by Savant Capital LLC

Savant Capital LLC decreased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 4.6% in the 4th quarter, Holdings Channel reports. The firm owned 7,300 shares of the real estate investment trust’s stock after selling 354 shares during the quarter. Savant Capital LLC’s holdings in Prologis were worth $973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Thompson Investment Management Inc. acquired a new stake in Prologis during the fourth quarter worth about $28,000. FinTrust Capital Advisors LLC lifted its stake in Prologis by 966.7% in the third quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 232 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Prologis during the fourth quarter valued at $37,000. FNY Investment Advisers LLC bought a new position in shares of Prologis during the fourth quarter worth about $39,000. Finally, Webster Bank N. A. increased its holdings in shares of Prologis by 3,600.0% in the 4th quarter. Webster Bank N. A. now owns 333 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 324 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of PLD opened at $105.85 on Friday. The business’s 50-day moving average is $122.66 and its 200-day moving average is $121.66. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $98.00 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 2.12 and a beta of 1.05. Prologis, Inc. has a fifty-two week low of $96.64 and a fifty-two week high of $137.52.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a $0.96 dividend. This is an increase from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date was Friday, March 15th. This represents a $3.84 dividend on an annualized basis and a yield of 3.63%. Prologis’s dividend payout ratio is presently 112.28%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Argus decreased their target price on shares of Prologis from $139.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. BMO Capital Markets lowered shares of Prologis from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $145.00 to $112.00 in a research note on Monday, April 22nd. Royal Bank of Canada upped their target price on Prologis from $128.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Morgan Stanley lifted their price target on Prologis from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Finally, Raymond James upped their price objective on Prologis from $130.00 to $145.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and an average target price 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.