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

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

Other large investors have also recently made changes to their positions in the company. Thompson Investment Management Inc. purchased a new stake in Prologis during the fourth quarter valued at approximately $28,000. FinTrust Capital Advisors LLC boosted its position in shares of Prologis by 966.7% during the third quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 232 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in shares of Prologis during the fourth quarter worth $37,000. FNY Investment Advisers LLC bought a new position in shares of Prologis during the fourth quarter worth $39,000. Finally, Valley National Advisers Inc. boosted its position in shares of Prologis by 178.6% during the third quarter. Valley National Advisers Inc. now owns 390 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 250 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PLD shares. Robert W. Baird upped their price target on shares of Prologis from $133.00 to $137.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Argus reduced their price target on shares of Prologis from $139.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday. UBS Group dropped their target price on shares of Prologis from $151.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Royal Bank of Canada increased their target price on shares of Prologis from $128.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, Evercore ISI dropped their target price on shares of Prologis from $136.00 to $123.00 and set an “in-line” rating on the stock in a report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.41.

Prologis Stock Performance

PLD stock traded up $0.78 during trading on Tuesday, reaching $104.86. The company had a trading volume of 4,231,958 shares, compared to its average volume of 3,454,940. The firm has a 50-day simple moving average of $126.79 and a 200-day simple moving average of $122.16. The company has a market cap of $97.00 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.08 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.08. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a $0.96 dividend. The ex-dividend date was Friday, March 15th. This is a boost from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 dividend on an annualized basis and a yield of 3.66%. Prologis’s dividend payout ratio (DPR) is 112.28%.

Prologis Company 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.