James Hambro & Partners LLP Invests $820,000 in Prologis, Inc. (NYSE:PLD)

James Hambro & Partners LLP acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,528 shares of the real estate investment trust’s stock, valued at approximately $820,000.

A number of other institutional investors have also recently added to or reduced their stakes in PLD. Sunbelt Securities Inc. lifted its position in Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 224 shares during the last quarter. Dunhill Financial LLC raised its holdings in shares of Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 182 shares during the last quarter. Hara Capital LLC acquired a new position in shares of Prologis during the third quarter worth approximately $48,000. Coastline Trust Co bought a new position in Prologis in the 3rd quarter worth approximately $52,000. Finally, Fortitude Family Office LLC grew its holdings in Prologis by 120.6% in the 3rd quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 240 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BMO Capital Markets lowered Prologis from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. Scotiabank reduced their price objective on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a report on Wednesday, December 4th. Robert W. Baird upgraded shares of Prologis from a “neutral” rating to an “outperform” rating and dropped their price target for the stock from $124.00 to $123.00 in a research report on Monday, January 6th. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $128.67.

Prologis Stock Up 0.3 %

PLD stock opened at $118.90 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43. The firm 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. Prologis, Inc. has a 52-week low of $100.82 and a 52-week high of $135.76. The company’s 50 day simple moving average is $110.49 and its 200-day simple moving average is $118.41.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.23%. Prologis’s dividend payout ratio is 96.00%.

About Prologis

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.