Signaturefd LLC Has $1.69 Million Stock Position in Prologis, Inc. (NYSE:PLD)

Signaturefd LLC trimmed its position in Prologis, Inc. (NYSE:PLDFree Report) by 16.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,689 shares of the real estate investment trust’s stock after selling 2,451 shares during the period. Signaturefd LLC’s holdings in Prologis were worth $1,691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CNB Bank boosted its holdings in shares of Prologis by 2.1% in the fourth quarter. CNB Bank now owns 5,856 shares of the real estate investment trust’s stock worth $781,000 after buying an additional 119 shares during the period. HTLF Bank acquired a new stake in shares of Prologis during the fourth quarter worth approximately $2,776,000. Colton Groome Financial Advisors LLC boosted its holdings in shares of Prologis by 23.2% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 10,910 shares of the real estate investment trust’s stock worth $1,454,000 after purchasing an additional 2,055 shares during the period. Fidelis Capital Partners LLC boosted its holdings in shares of Prologis by 38.3% during the fourth quarter. Fidelis Capital Partners LLC now owns 8,290 shares of the real estate investment trust’s stock worth $1,105,000 after purchasing an additional 2,297 shares during the period. Finally, Western Wealth Management LLC boosted its holdings in shares of Prologis by 5.9% during the fourth quarter. Western Wealth Management LLC now owns 14,478 shares of the real estate investment trust’s stock worth $1,930,000 after purchasing an additional 803 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on PLD. Royal Bank of Canada raised their price target on shares of Prologis from $128.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Morgan Stanley raised their price target on shares of Prologis from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Barclays decreased their price target on shares of Prologis from $141.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Robert W. Baird lifted their target price on shares of Prologis from $133.00 to $137.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Finally, Evercore ISI reduced 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 note on Thursday. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $137.86.

Read Our Latest Report on PLD

Prologis Price Performance

Shares of Prologis stock opened at $103.49 on Monday. The firm has a fifty day simple moving average of $127.87 and a 200-day simple moving average of $122.22. The company has a current ratio of 0.08, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Prologis, Inc. has a 1-year low of $96.64 and a 1-year high of $137.52. The stock has a market capitalization of $95.73 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 2.08 and a beta of 1.00.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.71%. This is a boost from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date was Friday, March 15th. Prologis’s payout ratio is presently 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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