Baldwin Wealth Partners LLC MA Has $9.01 Million Stake in Prologis, Inc. (NYSE:PLD)

Baldwin Wealth Partners LLC MA lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,251 shares of the real estate investment trust’s stock after buying an additional 8,903 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Prologis were worth $9,011,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Dunhill Financial LLC grew its stake in shares of Prologis by 239.5% in the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 182 shares in the last quarter. Sunbelt Securities Inc. grew 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 worth $29,000 after purchasing an additional 224 shares in the last quarter. Hara Capital LLC purchased a new stake in Prologis in the 3rd quarter valued at about $48,000. Coastline Trust Co bought a new position in shares of Prologis during the 3rd quarter worth approximately $52,000. Finally, Fortitude Family Office LLC boosted its stake in shares of 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 during the last quarter. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the topic of a number of recent analyst reports. Wolfe Research dropped their price target on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Truist Financial reduced their target price on shares of Prologis from $132.00 to $121.00 and set a “buy” rating for the company in a research note on Friday, January 17th. The Goldman Sachs Group restated a “neutral” rating and set a $132.00 price target (down from $142.00) on shares of Prologis in a research note on Monday, October 21st. Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped their target price on Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research report 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 given a strong buy rating to the stock. Based on data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average target price of $128.67.

Prologis Stock Up 2.1 %

Shares of NYSE:PLD opened at $121.44 on Monday. The firm has a fifty day moving average of $110.49 and a 200 day moving average of $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. The firm has a market capitalization of $112.48 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.96 per share. The ex-dividend date was Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.16%. Prologis’s dividend payout ratio (DPR) is presently 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.