Modus Advisors LLC Has $404,000 Stake in Prologis, Inc. (NYSE:PLD)

Modus Advisors LLC raised its stake in shares of Prologis, Inc. (NYSE:PLDFree Report) by 3.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,102 shares of the real estate investment trust’s stock after purchasing an additional 108 shares during the period. Modus Advisors LLC’s holdings in Prologis were worth $404,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. General Partner Inc. purchased a new stake in shares of Prologis in the first quarter worth $69,000. Nomura Holdings Inc. bought a new stake in shares of Prologis in the 4th quarter worth approximately $21,860,000. HighPoint Advisor Group LLC purchased a new stake in shares of Prologis in the 4th quarter worth about $1,381,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Prologis during the 4th quarter worth approximately $69,000. Finally, Sivia Capital Partners LLC bought a new position in Prologis in the fourth quarter worth $227,000. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group lowered their price target on Prologis from $151.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. StockNews.com upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, June 8th. Royal Bank of Canada lowered their price objective on Prologis from $145.00 to $124.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. BMO Capital Markets downgraded shares of Prologis from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $145.00 to $112.00 in a report on Monday, April 22nd. Finally, The Goldman Sachs Group lowered their target price on Prologis from $163.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.76.

Check Out Our Latest Report on Prologis

Prologis Trading Down 0.8 %

PLD stock traded down $0.84 on Tuesday, hitting $110.44. 1,993,288 shares of the company were exchanged, compared to its average volume of 3,719,893. The business’s fifty day moving average is $108.88 and its two-hundred day moving average is $122.44. Prologis, Inc. has a twelve month low of $96.64 and a twelve month 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. The stock has a market capitalization of $102.25 billion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 2.50 and a beta of 1.07.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Monday, June 17th. Prologis’s dividend payout ratio is currently 112.28%.

Prologis Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLDFree Report).

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.