Windsor Capital Management LLC Sells 150 Shares of Prologis, Inc. (NYSE:PLD)

Windsor Capital Management LLC lessened its stake in shares of Prologis, Inc. (NYSE:PLD) by 2.4% during the 1st quarter, Holdings Channel reports. The fund owned 6,173 shares of the real estate investment trust’s stock after selling 150 shares during the period. Windsor Capital Management LLC’s holdings in Prologis were worth $804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Advisory Services LLC purchased a new position in Prologis in the 3rd quarter worth $260,000. LPL Financial LLC raised its stake in shares of Prologis by 18.2% during the 3rd quarter. LPL Financial LLC now owns 402,892 shares of the real estate investment trust’s stock valued at $45,209,000 after buying an additional 62,147 shares during the last quarter. Operose Advisors LLC purchased a new position in shares of Prologis during the 3rd quarter valued at about $79,000. OMERS ADMINISTRATION Corp raised its stake in shares of Prologis by 57.9% during the 3rd quarter. OMERS ADMINISTRATION Corp now owns 855,557 shares of the real estate investment trust’s stock valued at $96,002,000 after buying an additional 313,711 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Prologis by 18.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,260 shares of the real estate investment trust’s stock valued at $5,303,000 after buying an additional 7,475 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on Prologis from $143.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. The Goldman Sachs Group cut their price target on Prologis from $163.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Mizuho cut their price target on Prologis from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Robert W. Baird cut their price target on Prologis from $137.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Finally, Barclays cut their price target on Prologis from $135.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. One 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 assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.76.

Prologis Price Performance

Shares of Prologis stock traded up $0.60 on Wednesday, hitting $110.43. 3,384,920 shares of the company were exchanged, compared to its average volume of 3,756,217. The stock has a market capitalization of $102.24 billion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 2.45 and a beta of 1.07. The company has a 50-day moving average price of $107.75 and a 200 day moving average price of $122.05. Prologis, Inc. has a 1-year low of $96.64 and a 1-year high of $137.52. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.51.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Monday, June 17th. Prologis’s dividend payout ratio is currently 112.28%.

Prologis Profile

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.