Prologis, Inc. (NYSE:PLD) Shares Purchased by Lantz Financial LLC

Lantz Financial LLC raised its holdings in Prologis, Inc. (NYSE:PLD) by 18.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,128 shares of the real estate investment trust’s stock after purchasing an additional 339 shares during the quarter. Lantz Financial LLC’s holdings in Prologis were worth $225,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Prologis by 534.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust’s stock valued at $1,280,928,000 after acquiring an additional 8,545,336 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Prologis by 145.0% during the third quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust’s stock worth $456,320,000 after purchasing an additional 2,138,693 shares during the last quarter. AMF Tjanstepension AB lifted its holdings in shares of Prologis by 267.9% during the third quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock worth $236,879,000 after purchasing an additional 1,365,811 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in Prologis by 547.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,034,000 shares of the real estate investment trust’s stock valued at $116,129,000 after buying an additional 874,411 shares during the last quarter. Finally, Cardano Risk Management B.V. purchased a new position in Prologis in the 3rd quarter valued at $109,579,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PLD. Truist Financial lowered their target price on shares of Prologis from $132.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Robert W. Baird upgraded Prologis from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from $124.00 to $123.00 in a research report on Monday, January 6th. Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Scotiabank dropped their price objective on Prologis from $136.00 to $134.00 and set a “sector outperform” rating on the stock in a report on Wednesday, December 4th. Finally, Raymond James reissued an “outperform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Prologis in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.67.

Prologis Trading Up 0.3 %

Shares of Prologis stock opened at $118.90 on Friday. The business has a 50 day moving average price of $110.49 and a 200 day moving average price of $118.37. The company has a market capitalization of $110.12 billion, a P/E ratio of 29.73, a P/E/G ratio of 3.19 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $135.76.

Prologis Dividend Announcement

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 dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s payout ratio is currently 96.00%.

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.