Apeiron RIA LLC Invests $216,000 in Prologis, Inc. (NYSE:PLD)

Apeiron RIA LLC bought a new stake in Prologis, Inc. (NYSE:PLD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,040 shares of the real estate investment trust’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Verde Capital Management boosted its holdings in Prologis by 3.2% in the fourth quarter. Verde Capital Management now owns 16,325 shares of the real estate investment trust’s stock valued at $1,726,000 after purchasing an additional 510 shares during the last quarter. Red Door Wealth Management LLC increased its holdings in Prologis by 6.4% in the fourth quarter. Red Door Wealth Management LLC now owns 37,830 shares of the real estate investment trust’s stock valued at $3,999,000 after buying an additional 2,261 shares in the last quarter. Teamwork Financial Advisors LLC acquired a new position in shares of Prologis in the fourth quarter worth about $1,140,000. Raleigh Capital Management Inc. raised its position in shares of Prologis by 16.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 15,116 shares of the real estate investment trust’s stock worth $1,598,000 after acquiring an additional 2,120 shares during the period. Finally, True North Advisors LLC boosted its stake in shares of Prologis by 5.5% during the 4th quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock worth $248,000 after acquiring an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of several recent analyst reports. Mizuho cut their price target on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Barclays upped their target price on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. BTIG Research dropped their price target on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Raymond James reissued an “outperform” rating and issued a $125.00 price target (down previously from $130.00) on shares of Prologis in a report on Wednesday, December 11th. Finally, Robert W. Baird raised shares of Prologis from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from $124.00 to $123.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.67.

Prologis Stock Up 0.3 %

Shares of PLD opened at $118.90 on Friday. The stock has a fifty day simple moving average of $110.38 and a two-hundred day simple moving average of $118.34. The company has a quick ratio of 0.43, a current ratio of 0.23 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $110.12 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09. Prologis, Inc. has a 52-week low of $100.82 and a 52-week high of $135.76.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 96.00%.

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.