Prologis, Inc. (NYSE:PLD) Shares Purchased by Annis Gardner Whiting Capital Advisors LLC

Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Prologis, Inc. (NYSE:PLD) by 63.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,767 shares of the real estate investment trust’s stock after acquiring an additional 685 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Prologis were worth $236,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Thompson Investment Management Inc. acquired a new position in shares of Prologis during the 4th quarter valued at $28,000. JFS Wealth Advisors LLC boosted its position in Prologis by 254.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 168 shares during the last quarter. Salem Investment Counselors Inc. acquired a new stake in Prologis during the fourth quarter valued at $37,000. Private Wealth Management Group LLC acquired a new stake in Prologis during the fourth quarter valued at $38,000. Finally, FNY Investment Advisers LLC acquired a new stake in Prologis during the fourth quarter valued at $39,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLD has been the topic of several recent research reports. Evercore ISI cut their target price on Prologis from $136.00 to $123.00 and set an “in-line” rating on the stock in a report on Thursday, April 18th. BMO Capital Markets lowered Prologis from an “outperform” rating to a “market perform” rating and cut their target price for the company from $145.00 to $112.00 in a report on Monday, April 22nd. Raymond James raised their target price on Prologis from $130.00 to $145.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. StockNews.com upgraded Prologis from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Scotiabank cut their target price on Prologis from $149.00 to $130.00 and set a “sector outperform” rating on the stock in a report on Thursday, May 16th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.35.

Prologis Trading Down 2.1 %

PLD stock traded down $2.26 during trading on Thursday, hitting $106.96. The company had a trading volume of 1,200,938 shares, compared to its average volume of 3,532,427. 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 firm has a 50-day moving average price of $115.68 and a 200-day moving average price of $122.38. Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52. The stock has a market cap of $99.03 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 2.46 and a beta of 1.05.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Monday, June 17th. Prologis’s dividend payout ratio (DPR) 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.