Prologis, Inc. (NYSE:PLD) Shares Acquired by Austin Private Wealth LLC

Austin Private Wealth LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 13.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,288 shares of the real estate investment trust’s stock after purchasing an additional 277 shares during the period. Austin Private Wealth LLC’s holdings in Prologis were worth $288,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PLD. True Wealth Design LLC acquired a new stake in Prologis in the fourth quarter valued at $27,000. Optimum Investment Advisors bought a new position in shares of Prologis during the first quarter worth about $26,000. Thompson Investment Management Inc. bought a new position in shares of Prologis during the fourth quarter worth about $28,000. JFS Wealth Advisors LLC grew its position in shares of Prologis by 254.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 168 shares during the last quarter. Finally, Clear Investment Research LLC lifted its holdings in Prologis by 188.1% in the fourth quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 158 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Robert W. Baird cut their price target on shares of Prologis from $137.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. BMO Capital Markets downgraded Prologis from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $145.00 to $112.00 in a report on Monday, April 22nd. Evercore ISI lowered their price target on Prologis from $136.00 to $123.00 and set an “in-line” rating on the stock in a report on Thursday, April 18th. StockNews.com downgraded Prologis from a “hold” rating to a “sell” rating in a report on Friday. Finally, Mizuho reduced their price objective on Prologis from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.76.

Prologis Stock Up 2.0 %

NYSE PLD traded up $2.23 during trading on Monday, hitting $111.63. The stock had a trading volume of 2,913,617 shares, compared to its average volume of 3,766,424. The company has a market capitalization of $103.35 billion, a PE ratio of 32.64, a P/E/G ratio of 2.43 and a beta of 1.07. The company’s 50-day moving average price is $107.85 and its two-hundred day moving average price is $122.12. 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, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Monday, June 17th. Prologis’s payout ratio is 112.28%.

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.