Cottonwood Capital Advisors LLC Acquires 337 Shares of Prologis, Inc. (NYSE:PLD)

Cottonwood Capital Advisors LLC grew its holdings in Prologis, Inc. (NYSE:PLD) by 19.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,053 shares of the real estate investment trust’s stock after acquiring an additional 337 shares during the period. Cottonwood Capital Advisors LLC’s holdings in Prologis were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PLD. ASB Consultores LLC lifted its holdings in shares of Prologis by 3.7% in the 3rd quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 86 shares during the period. CX Institutional raised its holdings in shares of Prologis by 2.7% in the third quarter. CX Institutional now owns 3,347 shares of the real estate investment trust’s stock valued at $423,000 after acquiring an additional 88 shares in the last quarter. DT Investment Partners LLC lifted its stake in Prologis by 9.8% in the third quarter. DT Investment Partners LLC now owns 1,043 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 93 shares during the period. Carmel Capital Partners LLC grew its holdings in Prologis by 2.6% during the 3rd quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust’s stock worth $473,000 after acquiring an additional 94 shares in the last quarter. Finally, Yoder Wealth Management Inc. increased its position in Prologis by 4.0% during the 3rd quarter. Yoder Wealth Management Inc. now owns 2,500 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 97 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Shares of NYSE PLD opened at $118.90 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43. 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. The firm’s 50 day simple moving average is $110.38 and its 200-day simple moving average is $118.34. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76.

Prologis Announces Dividend

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

Analyst Upgrades and Downgrades

PLD has been the topic of a number of recent research reports. Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Raymond James reaffirmed an “outperform” rating and set a $125.00 target price (down previously from $130.00) on shares of Prologis in a research report on Wednesday, December 11th. BMO Capital Markets lowered Prologis from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. JPMorgan Chase & Co. dropped their price objective on Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Finally, Truist Financial reduced 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, January 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

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.