U.S. Capital Wealth Advisors LLC Sells 10,685 Shares of Prologis, Inc. (NYSE:PLD)

U.S. Capital Wealth Advisors LLC trimmed its stake in shares of Prologis, Inc. (NYSE:PLD) by 66.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,453 shares of the real estate investment trust’s stock after selling 10,685 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Prologis were worth $727,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLD. Thompson Investment Management Inc. acquired a new stake in shares of Prologis during the fourth quarter worth $28,000. Salem Investment Counselors Inc. acquired a new stake in shares of Prologis during the fourth quarter worth $37,000. FNY Investment Advisers LLC acquired a new stake in shares of Prologis during the fourth quarter worth $39,000. Webster Bank N. A. raised its stake in Prologis by 3,600.0% in the fourth quarter. Webster Bank N. A. now owns 333 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 324 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Prologis in the fourth quarter valued at about $45,000. 93.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PLD has been the subject of a number of analyst reports. TheStreet raised Prologis from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. Mizuho reaffirmed a “neutral” rating and issued a $130.00 price target on shares of Prologis in a research note on Tuesday, April 2nd. Raymond James boosted their price target on Prologis from $130.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 24th. Evercore ISI lowered their target price on Prologis from $136.00 to $123.00 and set an “in-line” rating for the company in a research note on Thursday, April 18th. Finally, Argus lowered their target price on Prologis from $139.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.12.

Prologis Stock Performance

Shares of PLD stock opened at $104.70 on Tuesday. The business’s 50 day simple moving average is $121.55 and its 200 day simple moving average is $121.86. Prologis, Inc. has a one year low of $96.64 and a one year high of $137.52. The stock has a market capitalization of $96.94 billion, a PE ratio of 30.61, a PEG ratio of 2.20 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.29 and a quick ratio of 0.29.

Prologis Increases Dividend

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

About Prologis

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.