MML Investors Services LLC lifted its position in Prologis, Inc. (NYSE:PLD – Free Report) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 465,643 shares of the real estate investment trust’s stock after purchasing an additional 48,710 shares during the period. MML Investors Services LLC owned about 0.05% of Prologis worth $59,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the company. Mariner LLC lifted its stake in shares of Prologis by 13.6% in the 4th quarter. Mariner LLC now owns 512,667 shares of the real estate investment trust’s stock valued at $65,460,000 after purchasing an additional 61,499 shares during the period. Nicolet Advisory Services LLC lifted its stake in shares of Prologis by 3.8% in the 4th quarter. Nicolet Advisory Services LLC now owns 3,916 shares of the real estate investment trust’s stock valued at $505,000 after purchasing an additional 143 shares during the period. Focus Partners Wealth lifted its stake in shares of Prologis by 27.6% in the 4th quarter. Focus Partners Wealth now owns 135,904 shares of the real estate investment trust’s stock valued at $17,321,000 after purchasing an additional 29,394 shares during the period. Graybill Wealth Management LTD. lifted its stake in shares of Prologis by 5.3% in the 4th quarter. Graybill Wealth Management LTD. now owns 37,884 shares of the real estate investment trust’s stock valued at $4,836,000 after purchasing an additional 1,897 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Prologis by 681.3% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 916,253 shares of the real estate investment trust’s stock valued at $116,969,000 after purchasing an additional 798,981 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.
Prologis Trading Down 0.2%
Shares of PLD opened at $148.45 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $150.18. The firm has a 50-day moving average price of $142.28 and a 200 day moving average price of $135.72. The firm has a market capitalization of $138.41 billion, a P/E ratio of 37.39, a P/E/G ratio of 3.27 and a beta of 1.32.
Prologis Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. Prologis’s dividend payout ratio is currently 107.81%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. DA Davidson boosted their target price on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Morgan Stanley boosted their target price on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Finally, Jefferies Financial Group decreased their target price on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $151.86.
View Our Latest Stock Analysis on PLD
Prologis Company Profile
Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.
With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.
Further Reading
- Five stocks we like better than Prologis
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.
