Prologis, Inc. (NYSE:PLD) Shares Acquired by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC boosted its holdings in Prologis, Inc. (NYSE:PLD) by 4.1% during the first quarter, HoldingsChannel reports. The fund owned 6,210 shares of the real estate investment trust’s stock after buying an additional 246 shares during the period. MFA Wealth Advisors LLC’s holdings in Prologis were worth $809,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC lifted its holdings in Prologis by 182,067.2% in the first quarter. Valeo Financial Advisors LLC now owns 48,877,279 shares of the real estate investment trust’s stock valued at $6,364,799,000 after acquiring an additional 48,850,448 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in 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 valued at $1,853,633,000 after acquiring an additional 1,034,211 shares during the last quarter. FMR LLC lifted its holdings in Prologis by 1.2% in the third quarter. FMR LLC now owns 16,224,729 shares of the real estate investment trust’s stock valued at $1,820,577,000 after acquiring an additional 197,693 shares during the last quarter. Northern Trust Corp lifted its holdings in 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 valued at $1,427,453,000 after acquiring an additional 92,036 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Prologis by 3.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,532,773 shares of the real estate investment trust’s stock valued at $1,670,621,000 after acquiring an additional 365,904 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PLD. StockNews.com upgraded Prologis from a “sell” rating to a “hold” rating in a report on Wednesday. Mizuho restated a “neutral” rating and set a $130.00 price target on shares of Prologis in a research note on Tuesday, April 2nd. BMO Capital Markets cut Prologis from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $145.00 to $112.00 in a research note on Monday, April 22nd. Evercore ISI decreased their price target on Prologis from $136.00 to $123.00 and set an “in-line” rating on the stock in a research note on Thursday, April 18th. Finally, The Goldman Sachs Group decreased their price target on Prologis from $163.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $130.35.

Prologis Stock Down 3.3 %

NYSE:PLD traded down $3.59 during trading hours on Thursday, hitting $105.63. The company’s stock had a trading volume of 4,364,192 shares, compared to its average volume of 3,564,793. The stock has a market capitalization of $97.80 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 2.46 and a beta of 1.05. The stock has a fifty day moving average of $115.17 and a 200-day moving average of $122.26. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.51. Prologis, Inc. has a 52-week low of $96.64 and a 52-week high of $137.52.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.64%. The ex-dividend date is Monday, June 17th. Prologis’s dividend payout ratio (DPR) is presently 112.28%.

Prologis Profile

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.