Stanley Laman Group Ltd. Has $3.73 Million Position in Prologis, Inc. (NYSE:PLD)

Stanley Laman Group Ltd. lessened its stake in shares of Prologis, Inc. (NYSE:PLD) by 0.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 27,948 shares of the real estate investment trust’s stock after selling 258 shares during the period. Stanley Laman Group Ltd.’s holdings in Prologis were worth $3,725,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Columbia Trust Co 01012016 raised its stake in Prologis by 16.0% in the fourth quarter. Columbia Trust Co 01012016 now owns 5,240 shares of the real estate investment trust’s stock valued at $698,000 after purchasing an additional 723 shares in the last quarter. Cyndeo Wealth Partners LLC raised its position in shares of Prologis by 39.4% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 42,005 shares of the real estate investment trust’s stock valued at $5,599,000 after buying an additional 11,882 shares in the last quarter. DNB Asset Management AS lifted its holdings in shares of Prologis by 17.1% during the 4th quarter. DNB Asset Management AS now owns 287,505 shares of the real estate investment trust’s stock worth $38,324,000 after acquiring an additional 42,073 shares during the period. Grassi Investment Management boosted its position in shares of Prologis by 31.8% during the 4th quarter. Grassi Investment Management now owns 252,146 shares of the real estate investment trust’s stock worth $33,611,000 after acquiring an additional 60,900 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. increased its stake in Prologis by 255.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 16,124 shares of the real estate investment trust’s stock valued at $2,149,000 after acquiring an additional 11,582 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PLD shares. Mizuho restated a “neutral” rating and set a $130.00 target price on shares of Prologis in a research note on Tuesday, April 2nd. Robert W. Baird raised their price objective on Prologis from $133.00 to $137.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. lowered their target price on Prologis from $143.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday. Evercore ISI reduced their price target on shares of Prologis from $136.00 to $123.00 and set an “in-line” rating on the stock in a research note on Thursday, April 18th. Finally, StockNews.com cut shares of Prologis from a “hold” rating to a “sell” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.24.

Prologis Trading Up 0.2 %

PLD traded up $0.17 during midday trading on Thursday, hitting $103.35. 3,798,273 shares of the company were exchanged, compared to its average volume of 3,476,304. The firm has a market capitalization of $95.60 billion, a P/E ratio of 30.22, a P/E/G ratio of 2.17 and a beta of 1.00. The firm’s 50 day moving average price is $125.65 and its 200-day moving average price is $121.90. 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, Inc. has a 1-year low of $96.64 and a 1-year high of $137.52.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a $0.96 dividend. This is a positive change from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, March 15th. Prologis’s payout ratio is currently 112.28%.

Prologis Profile

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.