Vanguard Personalized Indexing Management LLC raised its position in Prologis, Inc. (NYSE:PLD – Free Report) by 15.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 92,313 shares of the real estate investment trust’s stock after purchasing an additional 12,578 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Prologis were worth $11,785,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. High Point Wealth Management LLC acquired a new stake in shares of Prologis in the 4th quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new stake in shares of Prologis in the fourth quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Prologis in the fourth quarter valued at about $27,000. SouthState Bank Corp increased its position in shares of Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Prologis in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.
Prologis Price Performance
NYSE:PLD opened at $148.45 on Tuesday. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $150.18. The firm has a market capitalization of $138.41 billion, a price-to-earnings ratio of 37.39, a P/E/G ratio of 3.27 and a beta of 1.32. The stock’s 50 day moving average price is $142.28 and its two-hundred day moving average price is $135.72. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.
Prologis Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. 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 payout ratio is presently 107.81%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. BNP Paribas Exane lifted their target price on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $137.00 to $162.00 in a research report on Thursday, May 7th. Evercore set a $135.00 target price on Prologis in a research report on Friday, April 17th. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, DA Davidson lifted their target price on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $151.86.
Read Our Latest Report on Prologis
Prologis 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.
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