PDS Planning Inc Has $627,000 Holdings in Prologis, Inc. (NYSE:PLD)

PDS Planning Inc cut its holdings in Prologis, Inc. (NYSE:PLD) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,704 shares of the real estate investment trust’s stock after selling 706 shares during the period. PDS Planning Inc’s holdings in Prologis were worth $627,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PLD. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Prologis during the third quarter worth $185,164,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Prologis by 6.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,519,324 shares of the real estate investment trust’s stock valued at $1,853,633,000 after purchasing an additional 1,034,211 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Prologis by 43.0% in the third quarter. Envestnet Asset Management Inc. now owns 2,402,293 shares of the real estate investment trust’s stock valued at $269,561,000 after purchasing an additional 721,910 shares during the last quarter. Barclays PLC increased its holdings in shares of Prologis by 23.0% in the third quarter. Barclays PLC now owns 2,809,487 shares of the real estate investment trust’s stock valued at $315,253,000 after purchasing an additional 525,171 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Prologis by 89.8% in the third quarter. Schroder Investment Management Group now owns 1,004,732 shares of the real estate investment trust’s stock valued at $112,741,000 after purchasing an additional 475,229 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Trading Up 0.6 %

NYSE:PLD traded up $0.64 on Tuesday, reaching $104.72. 1,151,264 shares of the stock traded hands, compared to its average volume of 3,412,431. The firm has a market capitalization of $96.87 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 2.08 and a beta of 1.00. The company’s 50 day moving average is $127.31 and its 200-day moving average is $122.19. The company has a current ratio of 0.08, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Prologis, Inc. has a 1-year low of $96.64 and a 1-year high of $137.52.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.67%. This is a boost from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date was Friday, March 15th. Prologis’s dividend payout ratio is presently 112.28%.

Analyst Ratings Changes

Several equities analysts have commented on PLD shares. Royal Bank of Canada upped their price objective on shares of Prologis from $128.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Mizuho reissued a “neutral” rating and issued a $130.00 target price on shares of Prologis in a research report on Tuesday, April 2nd. BMO Capital Markets cut shares of Prologis from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $145.00 to $112.00 in a research report on Monday. Raymond James boosted their target price on shares of Prologis from $130.00 to $145.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 24th. Finally, UBS Group reduced their target price on shares of Prologis from $151.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.41.

Prologis Profile

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.