Caprock Group LLC Has $1.36 Million Holdings in Prologis, Inc. (NYSE:PLD)

Caprock Group LLC lessened its holdings in shares of Prologis, Inc. (NYSE:PLD) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,853 shares of the real estate investment trust’s stock after selling 1,373 shares during the quarter. Caprock Group LLC’s holdings in Prologis were worth $1,359,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PLD. Cibc World Market Inc. increased its stake in shares of Prologis by 1.8% during the fourth quarter. Cibc World Market Inc. now owns 307,328 shares of the real estate investment trust’s stock worth $32,485,000 after purchasing an additional 5,516 shares during the period. OLD Second National Bank of Aurora lifted its stake in Prologis by 7.1% during the fourth quarter. OLD Second National Bank of Aurora now owns 10,258 shares of the real estate investment trust’s stock worth $1,084,000 after purchasing an additional 677 shares during the last quarter. BDF Gestion boosted its stake in Prologis by 6.2% in the fourth quarter. BDF Gestion now owns 51,130 shares of the real estate investment trust’s stock valued at $5,404,000 after buying an additional 2,963 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Prologis in the 4th quarter valued at approximately $1,057,000. Finally, Hanson & Doremus Investment Management boosted its position in Prologis by 42.2% in the fourth quarter. Hanson & Doremus Investment Management now owns 623 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 185 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Royal Bank of Canada boosted their price target on Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a report on Monday, January 27th. Barclays upped their target price on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Robert W. Baird lifted their price target on shares of Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday. BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. Finally, BNP Paribas raised Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

Prologis Stock Down 1.3 %

PLD opened at $119.14 on Monday. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The firm has a market capitalization of $110.34 billion, a P/E ratio of 29.78, a PEG ratio of 2.66 and a beta of 1.09. The company’s 50-day moving average is $111.03 and its 200 day moving average is $118.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43.

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 dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.22%. Prologis’s dividend payout ratio is currently 96.00%.

About Prologis

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.