Prologis, Inc. (NYSE:PLD) Shares Bought by RFG Advisory LLC

RFG Advisory LLC lifted its holdings in shares of Prologis, Inc. (NYSE:PLDFree Report) by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,840 shares of the real estate investment trust’s stock after acquiring an additional 3,379 shares during the quarter. RFG Advisory LLC’s holdings in Prologis were worth $2,731,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of PLD. Sunbelt Securities Inc. increased its holdings in Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 224 shares during the last quarter. Dunhill Financial LLC increased its holdings in Prologis by 239.5% in the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 182 shares during the last quarter. Hara Capital LLC bought a new stake in Prologis in the third quarter valued at about $48,000. Coastline Trust Co bought a new stake in Prologis in the third quarter valued at about $52,000. Finally, Fortitude Family Office LLC increased its holdings in Prologis by 120.6% in the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 240 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PLD. BNP Paribas upgraded Prologis to a “strong-buy” rating in a research note on Wednesday. BTIG Research decreased their target price on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Wolfe Research decreased their target price on Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Baird R W upgraded Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Barclays lifted their target price on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

Read Our Latest Report on PLD

Prologis Stock Performance

Shares of Prologis stock opened at $118.90 on Friday. The firm has a fifty day moving average of $110.38 and a two-hundred day moving average of $118.34. The stock has a market capitalization of $110.12 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 3.19 and a beta of 1.09. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio is currently 96.00%.

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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