YHB Investment Advisors Inc. Raises Holdings in Prologis, Inc. (NYSE:PLD)

YHB Investment Advisors Inc. increased its position in Prologis, Inc. (NYSE:PLD) by 1.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 27,778 shares of the real estate investment trust’s stock after acquiring an additional 409 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Prologis were worth $2,936,000 as of its most recent SEC filing.

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

Prologis Price Performance

PLD stock opened at $121.29 on Tuesday. The firm has a market cap of $112.33 billion, a P/E ratio of 30.32, a P/E/G ratio of 3.19 and a beta of 1.09. The firm’s fifty day moving average is $110.49 and its 200 day moving average is $118.41. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.96 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.17%. Prologis’s dividend payout ratio is currently 96.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BNP Paribas upgraded Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. BMO Capital Markets downgraded shares of Prologis from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $120.00 to $104.00 in a report on Friday, December 6th. Truist Financial boosted their price objective on shares of Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research note on Monday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $132.00 target price (down from $142.00) on shares of Prologis in a research note on Monday, October 21st. Finally, Scotiabank reduced their price target on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Monday. One 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $128.78.

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.