New Hampshire Trust Sells 779 Shares of Prologis, Inc. (NYSE:PLD)

New Hampshire Trust trimmed its stake in shares of Prologis, Inc. (NYSE:PLD) by 19.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,244 shares of the real estate investment trust’s stock after selling 779 shares during the quarter. New Hampshire Trust’s holdings in Prologis were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLD. Semmax Financial Advisors Inc. purchased a new position in shares of Prologis in the second quarter worth $27,000. Sunbelt Securities Inc. grew its holdings in Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 224 shares during the last quarter. Dunhill Financial LLC increased its position in shares of Prologis by 239.5% in the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 182 shares during the period. Hara Capital LLC bought a new position in shares of Prologis during the third quarter valued at about $48,000. Finally, Coastline Trust Co purchased a new stake in shares of Prologis during the third quarter worth about $52,000. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wolfe Research reduced their price target on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday. Barclays boosted their target price on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Mizuho cut their price target on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, BTIG Research cut their target price on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.67.

Prologis Stock Down 1.3 %

NYSE:PLD opened at $109.51 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $101.43 billion, a P/E ratio of 33.09, a P/E/G ratio of 2.85 and a beta of 1.09. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The firm has a 50-day simple moving average of $110.34 and a two-hundred day simple moving average of $118.36.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.96 dividend. The ex-dividend date was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.51%. Prologis’s payout ratio is currently 116.01%.

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.