Schnieders Capital Management LLC Sells 341 Shares of Prologis, Inc. (NYSE:PLD)

Schnieders Capital Management LLC cut its holdings in Prologis, Inc. (NYSE:PLD) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,942 shares of the real estate investment trust’s stock after selling 341 shares during the period. Schnieders Capital Management LLC’s holdings in Prologis were worth $925,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Family Legacy Inc. increased its stake in shares of Prologis by 0.5% in the fourth quarter. Family Legacy Inc. now owns 16,634 shares of the real estate investment trust’s stock worth $2,217,000 after purchasing an additional 87 shares during the period. Lockerman Financial Group Inc. increased its stake in Prologis by 2.0% during the fourth quarter. Lockerman Financial Group Inc. now owns 4,402 shares of the real estate investment trust’s stock valued at $587,000 after acquiring an additional 87 shares during the period. Hixon Zuercher LLC increased its stake in Prologis by 0.6% during the fourth quarter. Hixon Zuercher LLC now owns 14,631 shares of the real estate investment trust’s stock valued at $1,950,000 after acquiring an additional 88 shares during the period. AdvisorNet Financial Inc increased its stake in Prologis by 11.0% during the fourth quarter. AdvisorNet Financial Inc now owns 911 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 90 shares during the period. Finally, Holistic Financial Partners increased its stake in Prologis by 5.3% during the third quarter. Holistic Financial Partners now owns 1,926 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 97 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price target on Prologis from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. UBS Group lowered their price target on Prologis from $151.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Royal Bank of Canada boosted their price target on Prologis from $128.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Argus lowered their price objective on Prologis from $139.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday. Finally, TheStreet upgraded Prologis from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.41.

Prologis Trading Up 0.7 %

NYSE:PLD traded up $0.78 during trading hours on Tuesday, hitting $104.86. 4,231,958 shares of the stock were exchanged, compared to its average volume of 3,454,940. The company’s 50 day moving average is $126.79 and its two-hundred day moving average is $122.16. The company has a market capitalization of $97.00 billion, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 2.08 and a beta of 1.00. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52. The company has a quick ratio of 0.30, a current ratio of 0.08 and a debt-to-equity ratio of 0.51.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a dividend of $0.96 per share. This is a boost from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Friday, March 15th. This represents a $3.84 annualized dividend and a dividend yield of 3.66%. Prologis’s payout ratio is presently 112.28%.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.