Prologis, Inc. (NYSE:PLD) Shares Bought by Strong Tower Advisory Services

Strong Tower Advisory Services grew its stake in Prologis, Inc. (NYSE:PLD) by 30.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,550 shares of the real estate investment trust’s stock after acquiring an additional 590 shares during the period. Strong Tower Advisory Services’ holdings in Prologis were worth $270,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in PLD. Empirical Asset Management LLC raised its holdings in shares of Prologis by 339.0% in the 4th quarter. Empirical Asset Management LLC now owns 68,584 shares of the real estate investment trust’s stock valued at $7,249,000 after buying an additional 52,963 shares during the period. Sunflower Bank N.A. acquired a new stake in shares of Prologis during the third quarter worth about $249,000. Cardano Risk Management B.V. grew its holdings in shares of Prologis by 2.9% in the fourth quarter. Cardano Risk Management B.V. now owns 893,009 shares of the real estate investment trust’s stock valued at $94,391,000 after purchasing an additional 25,266 shares in the last quarter. Coronation Fund Managers Ltd. acquired a new stake in Prologis during the 2nd quarter worth approximately $878,000. Finally, DekaBank Deutsche Girozentrale boosted its position in Prologis by 2.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,199,812 shares of the real estate investment trust’s stock valued at $149,116,000 after buying an additional 29,400 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

PLD stock opened at $109.51 on Monday. The company has a market cap of $101.43 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 2.85 and a beta of 1.09. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $110.34 and a 200-day moving average of $118.33. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.96 dividend. The ex-dividend date was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.51%. Prologis’s dividend payout ratio (DPR) is 116.01%.

Wall Street Analyst Weigh In

PLD has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Raymond James reissued an “outperform” rating and set a $125.00 price objective (down previously from $130.00) on shares of Prologis in a report on Wednesday, December 11th. Truist Financial lowered their target price on shares of Prologis from $132.00 to $121.00 and set a “buy” rating for the company in a report on Friday. Robert W. Baird upgraded shares of Prologis from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $124.00 to $123.00 in a research note on Monday, January 6th. Finally, Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $128.67.

Prologis 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.