Oak Ridge Investments LLC Has $695,000 Stock Holdings in Prologis, Inc. (NYSE:PLD)

Oak Ridge Investments LLC grew its stake in Prologis, Inc. (NYSE:PLD) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,571 shares of the real estate investment trust’s stock after purchasing an additional 231 shares during the quarter. Oak Ridge Investments LLC’s holdings in Prologis were worth $695,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Financial Management Professionals Inc. boosted its stake in Prologis by 11.1% in the 4th quarter. Financial Management Professionals Inc. now owns 4,323 shares of the real estate investment trust’s stock valued at $457,000 after purchasing an additional 432 shares during the period. HB Wealth Management LLC boosted its holdings in Prologis by 7.7% in the 4th quarter. HB Wealth Management LLC now owns 13,550 shares of the real estate investment trust’s stock valued at $1,432,000 after purchasing an additional 967 shares during the period. Trust Co. of Vermont boosted its stake in shares of Prologis by 782.7% in the fourth quarter. Trust Co. of Vermont now owns 29,119 shares of the real estate investment trust’s stock valued at $3,078,000 after buying an additional 25,820 shares during the period. Sanibel Captiva Trust Company Inc. grew its position in Prologis by 6.0% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 4,902 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 278 shares in the last quarter. Finally, Merit Financial Group LLC raised its holdings in Prologis by 303.9% in the 4th quarter. Merit Financial Group LLC now owns 9,851 shares of the real estate investment trust’s stock valued at $1,041,000 after acquiring an additional 7,412 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on PLD shares. Wolfe Research decreased their price target on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday. Scotiabank decreased their target price 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. Robert W. Baird raised shares of Prologis from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $124.00 to $123.00 in a report on Monday, January 6th. JPMorgan Chase & Co. cut their target price on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Finally, Raymond James reiterated an “outperform” rating and issued a $125.00 price target (down previously from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.67.

Prologis Stock Down 1.3 %

Shares of PLD opened at $109.51 on Monday. The stock’s 50-day moving average price is $110.34 and its two-hundred day moving average price is $118.33. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76. The company has a market capitalization of $101.43 billion, a PE ratio of 33.09, a PEG ratio of 2.85 and a beta of 1.09. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio is currently 116.01%.

Prologis Company 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.