RBA Wealth Management LLC Buys 765 Shares of Prologis, Inc. (NYSE:PLD)

RBA Wealth Management LLC increased its holdings in Prologis, Inc. (NYSE:PLD) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,752 shares of the real estate investment trust’s stock after purchasing an additional 765 shares during the period. RBA Wealth Management LLC’s holdings in Prologis were worth $3,990,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PLD. Trust Point Inc. boosted its stake in shares of Prologis by 9.1% during the fourth quarter. Trust Point Inc. now owns 3,509 shares of the real estate investment trust’s stock valued at $371,000 after purchasing an additional 292 shares during the period. Fourpath Capital Management LLC raised its holdings in Prologis by 18.6% in the fourth quarter. Fourpath Capital Management LLC now owns 6,568 shares of the real estate investment trust’s stock worth $694,000 after purchasing an additional 1,028 shares in the last quarter. Jennison Associates LLC raised its holdings in Prologis by 395.3% in the fourth quarter. Jennison Associates LLC now owns 1,039,333 shares of the real estate investment trust’s stock worth $109,858,000 after purchasing an additional 829,504 shares in the last quarter. JB Capital LLC raised its holdings in Prologis by 6.7% in the fourth quarter. JB Capital LLC now owns 83,297 shares of the real estate investment trust’s stock worth $8,805,000 after purchasing an additional 5,206 shares in the last quarter. Finally, River Street Advisors LLC increased its holdings in shares of Prologis by 15.9% during the fourth quarter. River Street Advisors LLC now owns 2,689 shares of the real estate investment trust’s stock valued at $284,000 after acquiring an additional 368 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Performance

PLD opened at $117.88 on Tuesday. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The company’s fifty day moving average price is $111.03 and its two-hundred day moving average price is $118.37. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $135.76. The company has a market cap of $109.17 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 2.66 and a beta of 1.09.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.96 per share. The ex-dividend date was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.26%. Prologis’s dividend payout ratio is presently 96.00%.

Analysts Set New Price Targets

PLD has been the topic of a number of recent research reports. BNP Paribas upgraded Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. BMO Capital Markets lowered Prologis from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $120.00 to $104.00 in a research report on Friday, December 6th. Mizuho reduced their price objective on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Scotiabank cut their target price on Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Monday, January 27th. Finally, Truist Financial raised their price objective on Prologis from $121.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $128.78.

Prologis 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.