Prologis, Inc. (NYSE:PLD) Shares Acquired by Avitas Wealth Management LLC

Avitas Wealth Management LLC increased its stake in Prologis, Inc. (NYSE:PLD) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 36,121 shares of the real estate investment trust’s stock after buying an additional 265 shares during the period. Avitas Wealth Management LLC’s holdings in Prologis were worth $3,818,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. ASB Consultores LLC boosted its position in shares of Prologis by 3.7% in the third quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 86 shares during the period. CX Institutional boosted its position in shares of Prologis by 2.7% in the third quarter. CX Institutional now owns 3,347 shares of the real estate investment trust’s stock worth $423,000 after buying an additional 88 shares during the period. DT Investment Partners LLC boosted its position in shares of Prologis by 9.8% in the third quarter. DT Investment Partners LLC now owns 1,043 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 93 shares during the period. Carmel Capital Partners LLC boosted its position in shares of Prologis by 2.6% in the third quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust’s stock worth $473,000 after buying an additional 94 shares during the period. Finally, Berkshire Bank boosted its position in shares of Prologis by 2.3% in the fourth quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust’s stock worth $443,000 after buying an additional 95 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Trading Up 0.5 %

Shares of PLD opened at $118.38 on Wednesday. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76. 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 firm has a market capitalization of $109.64 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 2.66 and a beta of 1.10. The stock’s 50-day moving average price is $111.02 and its 200 day moving average price is $118.33.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 annualized dividend and a yield of 3.24%. Prologis’s dividend payout ratio is 96.00%.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of research reports. BNP Paribas raised Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada lifted their price objective on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research report on Monday, January 27th. Truist Financial boosted their price target on Prologis from $121.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Robert W. Baird boosted their price target on Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $128.78.

Prologis Company 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.