2,504 Shares in Prologis, Inc. (NYSE:PLD) Purchased by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC acquired a new position in shares of Prologis, Inc. (NYSE:PLDFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,504 shares of the real estate investment trust’s stock, valued at approximately $334,000.

A number of other institutional investors have also recently added to or reduced their stakes in PLD. Fifth Third Bancorp boosted its holdings in Prologis by 7.7% during the third quarter. Fifth Third Bancorp now owns 151,823 shares of the real estate investment trust’s stock worth $17,036,000 after buying an additional 10,797 shares in the last quarter. Levin Capital Strategies L.P. raised its position in Prologis by 17.2% during the third quarter. Levin Capital Strategies L.P. now owns 3,400 shares of the real estate investment trust’s stock worth $382,000 after acquiring an additional 500 shares during the last quarter. Jennison Associates LLC raised its position in Prologis by 51.4% during the third quarter. Jennison Associates LLC now owns 335,700 shares of the real estate investment trust’s stock worth $37,669,000 after acquiring an additional 113,916 shares during the last quarter. Tranquility Partners LLC raised its position in Prologis by 4.9% during the third quarter. Tranquility Partners LLC now owns 2,282 shares of the real estate investment trust’s stock worth $256,000 after acquiring an additional 106 shares during the last quarter. Finally, Allworth Financial LP raised its position in Prologis by 1.6% during the third quarter. Allworth Financial LP now owns 14,040 shares of the real estate investment trust’s stock worth $1,575,000 after acquiring an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PLD. Evercore ISI cut their target price on shares of Prologis from $136.00 to $123.00 and set an “in-line” rating for the company in a research report on Thursday, April 18th. BMO Capital Markets lowered shares of Prologis from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $145.00 to $112.00 in a research report on Monday, April 22nd. Robert W. Baird cut their price objective on shares of Prologis from $137.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. JPMorgan Chase & Co. cut their price objective on shares of Prologis from $143.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Finally, Royal Bank of Canada dropped their price target on shares of Prologis from $145.00 to $124.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.12.

View Our Latest Analysis on PLD

Prologis Trading Up 2.0 %

Shares of Prologis stock traded up $2.13 during trading hours on Wednesday, hitting $110.41. The company’s stock had a trading volume of 1,526,692 shares, compared to its average volume of 3,532,445. The business has a fifty day moving average of $118.45 and a 200 day moving average of $122.17. The company has a market capitalization of $102.22 billion, a PE ratio of 32.22, a P/E/G ratio of 2.24 and a beta of 1.05. Prologis, Inc. has a 1-year low of $96.64 and a 1-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.

Prologis Dividend Announcement

The company 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 dividend of $0.96 per share. 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 payout ratio is 112.28%.

Prologis Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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