Bogart Wealth LLC Has $42,000 Holdings in Prologis, Inc. (NYSE:PLD)

Bogart Wealth LLC grew its stake in Prologis, Inc. (NYSE:PLD) by 170.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 317 shares of the real estate investment trust’s stock after buying an additional 200 shares during the quarter. Bogart Wealth LLC’s holdings in Prologis were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PLD. Columbia Trust Co 01012016 lifted its position in shares of Prologis by 16.0% in the fourth quarter. Columbia Trust Co 01012016 now owns 5,240 shares of the real estate investment trust’s stock worth $698,000 after purchasing an additional 723 shares in the last quarter. Cyndeo Wealth Partners LLC raised its position in Prologis by 39.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 42,005 shares of the real estate investment trust’s stock worth $5,599,000 after acquiring an additional 11,882 shares in the last quarter. DNB Asset Management AS raised its position in Prologis by 17.1% during the fourth quarter. DNB Asset Management AS now owns 287,505 shares of the real estate investment trust’s stock worth $38,324,000 after acquiring an additional 42,073 shares in the last quarter. Grassi Investment Management raised its position in Prologis by 31.8% during the fourth quarter. Grassi Investment Management now owns 252,146 shares of the real estate investment trust’s stock worth $33,611,000 after acquiring an additional 60,900 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. raised its position in Prologis by 255.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 16,124 shares of the real estate investment trust’s stock worth $2,149,000 after acquiring an additional 11,582 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on PLD shares. Mizuho reaffirmed a “neutral” rating and set a $130.00 price target on shares of Prologis in a research report on Tuesday, April 2nd. Argus dropped their price objective on shares of Prologis from $139.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. BMO Capital Markets lowered shares of Prologis from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $145.00 to $112.00 in a research report on Monday, April 22nd. Royal Bank of Canada decreased their price target on shares of Prologis from $145.00 to $124.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Evercore ISI decreased their price target on shares of Prologis from $136.00 to $123.00 and set an “in-line” rating on the stock in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.12.

Prologis Trading Up 1.2 %

NYSE PLD traded up $1.26 during trading hours on Thursday, reaching $107.14. The company’s stock had a trading volume of 469,808 shares, compared to its average volume of 3,523,014. The firm has a fifty day simple moving average of $121.06 and a 200-day simple moving average of $121.90. The stock has a market cap of $99.19 billion, a P/E ratio of 31.19, a P/E/G ratio of 2.20 and a beta of 1.05. Prologis, Inc. has a 52 week low of $96.64 and a 52 week high of $137.52. 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 disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a dividend of $0.96 per share. This is an increase from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Friday, March 15th. This represents a $3.84 annualized dividend and a dividend yield of 3.58%. Prologis’s dividend payout ratio (DPR) 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 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.