YHB Investment Advisors Inc. Raises Stock Holdings in Prologis, Inc. (NYSE:PLD)

YHB Investment Advisors Inc. raised its position in shares of Prologis, Inc. (NYSE:PLD) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,778 shares of the real estate investment trust’s stock after buying an additional 409 shares during the period. YHB Investment Advisors Inc.’s holdings in Prologis were worth $2,936,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Empirical Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 52,963 shares during the period. Sunflower Bank N.A. bought a new position in Prologis during the 3rd quarter valued at approximately $249,000. Cardano Risk Management B.V. lifted its holdings in Prologis by 2.9% in the 4th quarter. Cardano Risk Management B.V. now owns 893,009 shares of the real estate investment trust’s stock worth $94,391,000 after buying an additional 25,266 shares during the period. Coronation Fund Managers Ltd. bought a new stake in shares of Prologis in the 2nd quarter worth approximately $878,000. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of 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 valued at $149,116,000 after buying an additional 29,400 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

PLD stock opened at $121.29 on Tuesday. The stock’s 50 day simple moving average is $110.49 and its 200 day simple moving average is $118.41. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76. The stock has a market capitalization of $112.33 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09.

Prologis Dividend Announcement

The firm also recently disclosed 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 dividend yield of 3.17%. Prologis’s dividend payout ratio (DPR) is presently 96.00%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PLD shares. Raymond James reiterated an “outperform” rating and issued a $125.00 price target (down previously from $130.00) on shares of Prologis in a report on Wednesday, December 11th. Wolfe Research reduced their price target on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Mizuho reduced their target price on Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Royal Bank of Canada raised their target price on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research note on Monday. One 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 assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.78.

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.