Dynamic Advisor Solutions LLC Trims Stock Position in Prologis, Inc. (NYSE:PLD)

Dynamic Advisor Solutions LLC reduced its stake in shares of Prologis, Inc. (NYSE:PLD) by 20.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,339 shares of the real estate investment trust’s stock after selling 1,332 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Prologis were worth $564,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cottonwood Capital Advisors LLC lifted its holdings in Prologis by 19.6% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 2,053 shares of the real estate investment trust’s stock valued at $217,000 after acquiring an additional 337 shares during the period. Presima Securities ULC increased its stake in shares of Prologis by 31.1% in the 4th quarter. Presima Securities ULC now owns 412,660 shares of the real estate investment trust’s stock valued at $43,618,000 after purchasing an additional 97,833 shares in the last quarter. RFG Advisory LLC increased its position in shares of Prologis by 15.0% in the fourth quarter. RFG Advisory LLC now owns 25,840 shares of the real estate investment trust’s stock valued at $2,731,000 after buying an additional 3,379 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after buying an additional 15,078 shares during the period. Finally, Apeiron RIA LLC purchased a new position in shares of Prologis during the 4th quarter valued at approximately $216,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of research reports. Wolfe Research reduced their price target on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. BTIG Research reduced their price objective on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Barclays lifted their target price on shares of Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Royal Bank of Canada raised their price target on shares of Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Monday. Finally, Robert W. Baird raised shares of Prologis from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $124.00 to $123.00 in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

Prologis Trading Up 2.0 %

PLD opened at $121.29 on Tuesday. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76. The company has a quick ratio of 0.43, a current ratio of 0.23 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $110.49 and a 200-day simple moving average of $118.41. The firm has a market cap of $112.33 billion, a P/E ratio of 30.32, a P/E/G ratio of 3.19 and a beta of 1.09.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio is currently 96.00%.

Prologis Company Profile

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.