Prologis, Inc. (NYSE:PLD) Holdings Increased by Seven Post Investment Office LP

Seven Post Investment Office LP grew its position in shares of Prologis, Inc. (NYSE:PLD) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,047 shares of the real estate investment trust’s stock after purchasing an additional 892 shares during the period. Prologis makes up about 5.3% of Seven Post Investment Office LP’s investment portfolio, making the stock its 4th largest position. Seven Post Investment Office LP’s holdings in Prologis were worth $20,934,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in shares of Prologis by 6.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,519,324 shares of the real estate investment trust’s stock worth $1,853,633,000 after buying an additional 1,034,211 shares during the last quarter. FMR LLC increased its stake in shares of Prologis by 1.2% in the third quarter. FMR LLC now owns 16,224,729 shares of the real estate investment trust’s stock worth $1,820,577,000 after buying an additional 197,693 shares during the last quarter. Northern Trust Corp increased its stake in shares of Prologis by 0.7% in the third quarter. Northern Trust Corp now owns 12,721,262 shares of the real estate investment trust’s stock worth $1,427,453,000 after buying an additional 92,036 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Prologis by 2.3% in the third quarter. Principal Financial Group Inc. now owns 12,201,657 shares of the real estate investment trust’s stock worth $1,369,140,000 after purchasing an additional 268,667 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Prologis by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,344,542 shares of the real estate investment trust’s stock worth $1,048,551,000 after purchasing an additional 121,159 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Shares of Prologis stock traded up $1.36 on Friday, hitting $105.89. The company had a trading volume of 3,517,673 shares, compared to its average volume of 4,890,799. Prologis, Inc. has a 52 week low of $96.64 and a 52 week high of $137.52. The company has a market cap of $98.04 billion, a PE ratio of 30.96, a PEG ratio of 2.20 and a beta of 1.05. The business has a 50-day simple moving average of $122.11 and a 200-day simple moving average of $121.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.29 and a quick ratio of 0.29.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Friday, March 15th. This is a boost from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 annualized dividend and a dividend yield of 3.63%. Prologis’s dividend payout ratio (DPR) is 112.28%.

Wall Street Analyst Weigh In

A number of research firms have commented on PLD. Morgan Stanley lifted their price objective on shares of Prologis from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Argus decreased their price objective on shares of Prologis from $139.00 to $120.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Raymond James lifted their price objective on shares of Prologis from $130.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 24th. StockNews.com downgraded shares of Prologis from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Finally, Robert W. Baird decreased their price objective on shares of Prologis from $137.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average price target of $132.35.

About Prologis

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.