Prologis, Inc. (NYSE:PLD) Stock Position Trimmed by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. cut its position in Prologis, Inc. (NYSE:PLD) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,491 shares of the real estate investment trust’s stock after selling 633 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Prologis were worth $1,665,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Thompson Investment Management Inc. bought a new stake in Prologis in the 4th quarter valued at about $28,000. FinTrust Capital Advisors LLC raised its position in shares of Prologis by 966.7% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 232 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of Prologis during the 4th quarter worth about $37,000. FNY Investment Advisers LLC bought a new stake in shares of Prologis during the 4th quarter worth about $39,000. Finally, Webster Bank N. A. raised its position in shares of Prologis by 3,600.0% during the 4th quarter. Webster Bank N. A. now owns 333 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 324 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. The Goldman Sachs Group dropped their price target on shares of Prologis from $163.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. UBS Group dropped their target price on shares of Prologis from $151.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. TheStreet upgraded shares of Prologis from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Barclays dropped their target price on shares of Prologis from $135.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Robert W. Baird boosted their target price on shares of Prologis from $133.00 to $137.00 and gave the stock a “neutral” rating in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average target price of $133.53.

Prologis Stock Up 0.6 %

PLD stock traded up $0.67 during trading on Monday, reaching $104.73. The stock had a trading volume of 958,251 shares, compared to its average volume of 3,451,848. Prologis, Inc. has a one year low of $96.64 and a one year high of $137.52. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $125.06 and its two-hundred day moving average is $122.01. The company has a market capitalization of $96.96 billion, a price-to-earnings ratio of 30.72, a P/E/G ratio of 2.17 and a beta of 1.00.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.67%. This is an increase from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date was Friday, March 15th. Prologis’s dividend payout ratio is presently 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 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.