Oak Ridge Investments LLC Purchases 231 Shares of Prologis, Inc. (NYSE:PLD)

Oak Ridge Investments LLC raised its holdings in shares of Prologis, Inc. (NYSE:PLD) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,571 shares of the real estate investment trust’s stock after buying an additional 231 shares during the period. Oak Ridge Investments LLC’s holdings in Prologis were worth $695,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PLD. Semmax Financial Advisors Inc. bought a new stake in shares of Prologis during the second quarter worth about $27,000. Dunhill Financial LLC increased its holdings in Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 182 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 224 shares during the last quarter. Hara Capital LLC bought a new position in shares of Prologis in the third quarter valued at approximately $48,000. Finally, Coastline Trust Co purchased a new position in shares of Prologis during the third quarter valued at approximately $52,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PLD shares. BMO Capital Markets lowered Prologis from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $120.00 to $104.00 in a research report on Friday, December 6th. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. BTIG Research reduced their price objective on shares of Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research report on Friday. Mizuho decreased their price objective on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $132.00 target price (down previously from $142.00) on shares of Prologis in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $128.67.

Prologis Price Performance

Prologis stock opened at $109.51 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76. The firm has a market capitalization of $101.43 billion, a P/E ratio of 33.09, a PEG ratio of 2.85 and a beta of 1.09. The business has a fifty day moving average price of $110.34 and a 200-day moving average price of $118.33.

Prologis Announces Dividend

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

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.