Analyst IMS Investment Management Services Ltd. Makes New Investment in Prologis, Inc. (NYSE:PLD)

Analyst IMS Investment Management Services Ltd. purchased a new position in shares of Prologis, Inc. (NYSE:PLDFree Report) in the fourth quarter, Holdings Channel.com reports. The firm purchased 1,595 shares of the real estate investment trust’s stock, valued at approximately $213,000.

A number of other institutional investors also recently bought and sold shares of the business. Family Legacy Inc. lifted its holdings in Prologis by 0.5% during the 4th quarter. Family Legacy Inc. now owns 16,634 shares of the real estate investment trust’s stock worth $2,217,000 after buying an additional 87 shares during the last quarter. Lockerman Financial Group Inc. lifted its holdings in Prologis by 2.0% during the 4th quarter. Lockerman Financial Group Inc. now owns 4,402 shares of the real estate investment trust’s stock worth $587,000 after buying an additional 87 shares during the last quarter. Hixon Zuercher LLC lifted its holdings in Prologis by 0.6% during the 4th 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 last quarter. AdvisorNet Financial Inc lifted its holdings in Prologis by 11.0% during the 4th quarter. AdvisorNet Financial Inc now owns 911 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 90 shares during the last quarter. Finally, Holistic Financial Partners increased its position in shares of Prologis by 5.3% during the third quarter. Holistic Financial Partners now owns 1,926 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 97 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLD has been the topic of a number of research analyst reports. The Goldman Sachs Group cut 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, April 22nd. JPMorgan Chase & Co. cut their target price on Prologis from $143.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Royal Bank of Canada cut their target price on Prologis from $145.00 to $124.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. StockNews.com upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Robert W. Baird cut their target price on Prologis from $137.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $130.35.

View Our Latest Stock Report on Prologis

Prologis Stock Performance

PLD traded down $0.89 during trading on Friday, reaching $104.75. The company’s stock had a trading volume of 3,107,976 shares, compared to its average volume of 3,918,833. Prologis, Inc. has a 52-week low of $96.64 and a 52-week high of $137.52. The company’s fifty day moving average price is $114.69 and its 200-day moving average price is $122.51. The company has a market capitalization of $96.98 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.29 and a current ratio of 0.29.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Monday, June 17th. Prologis’s dividend payout ratio is presently 112.28%.

About Prologis

(Free Report)

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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