Lantz Financial LLC Grows Stock Holdings in Prologis, Inc. (NYSE:PLD)

Lantz Financial LLC raised its holdings in Prologis, Inc. (NYSE:PLDFree Report) by 18.9% in the 4th quarter, HoldingsChannel reports. The fund owned 2,128 shares of the real estate investment trust’s stock after acquiring an additional 339 shares during the period. Lantz Financial LLC’s holdings in Prologis were worth $225,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Empirical Asset Management LLC lifted its position in Prologis by 339.0% during the fourth quarter. Empirical Asset Management LLC now owns 68,584 shares of the real estate investment trust’s stock worth $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 in the third quarter worth approximately $249,000. Cardano Risk Management B.V. grew its holdings in 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 during the period. Coronation Fund Managers Ltd. acquired a new position in Prologis during the second quarter worth approximately $878,000. Finally, DekaBank Deutsche Girozentrale raised its stake in Prologis by 2.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,199,812 shares of the real estate investment trust’s stock worth $149,116,000 after purchasing an additional 29,400 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Up 0.3 %

NYSE:PLD opened at $118.90 on Friday. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76. The business’s 50-day simple moving average is $110.49 and its 200 day simple moving average is $118.37. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23. The stock has a market cap of $110.12 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is currently 96.00%.

Wall Street Analyst Weigh In

PLD has been the subject of a number of research analyst reports. Barclays upped their price objective on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Truist Financial dropped their price target on Prologis from $132.00 to $121.00 and set a “buy” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Scotiabank cut their price target on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating on the stock in a report on Wednesday, December 4th. Finally, Wolfe Research decreased their price objective on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.67.

Get Our Latest Stock Report on PLD

Prologis Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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