RBA Wealth Management LLC Has $3.99 Million Holdings in Prologis, Inc. (NYSE:PLD)

RBA Wealth Management LLC increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,752 shares of the real estate investment trust’s stock after purchasing an additional 765 shares during the period. RBA Wealth Management LLC’s holdings in Prologis were worth $3,990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Trust Point Inc. boosted its position in shares of Prologis by 9.1% during the 4th quarter. Trust Point Inc. now owns 3,509 shares of the real estate investment trust’s stock valued at $371,000 after purchasing an additional 292 shares in the last quarter. Fourpath Capital Management LLC grew its stake in shares of Prologis by 18.6% in the 4th quarter. Fourpath Capital Management LLC now owns 6,568 shares of the real estate investment trust’s stock worth $694,000 after buying an additional 1,028 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Prologis by 395.3% in the 4th quarter. Jennison Associates LLC now owns 1,039,333 shares of the real estate investment trust’s stock worth $109,858,000 after buying an additional 829,504 shares during the last quarter. JB Capital LLC raised its holdings in Prologis by 6.7% in the 4th quarter. JB Capital LLC now owns 83,297 shares of the real estate investment trust’s stock worth $8,805,000 after purchasing an additional 5,206 shares during the period. Finally, River Street Advisors LLC grew its position in Prologis by 15.9% in the fourth quarter. River Street Advisors LLC now owns 2,689 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 368 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLD has been the subject of a number of analyst reports. Mizuho decreased their price objective on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada boosted their price objective on shares of Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research report on Monday, January 27th. Barclays increased their price objective on shares of Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Raymond James reissued a “market perform” rating on shares of Prologis in a research note on Monday. Finally, Truist Financial raised their price target on shares of Prologis from $121.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.78.

Prologis Price Performance

PLD opened at $117.88 on Tuesday. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43. The company’s 50 day simple moving average is $111.03 and its 200-day simple moving average is $118.37. The stock has a market capitalization of $109.17 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 2.66 and a beta of 1.09.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.96 per share. The ex-dividend date was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.26%. Prologis’s payout ratio is 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.