General Partner Inc. Buys Shares of 533 Prologis, Inc. (NYSE:PLD)

General Partner Inc. bought a new stake in shares of Prologis, Inc. (NYSE:PLDFree Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 533 shares of the real estate investment trust’s stock, valued at approximately $69,000.

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in Prologis during the 4th quarter valued at $27,000. Thompson Investment Management Inc. bought a new stake in Prologis during the 4th quarter valued at $28,000. JFS Wealth Advisors LLC raised its stake in Prologis by 254.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 168 shares in the last quarter. Clear Investment Research LLC raised its stake in Prologis by 188.1% during the 4th quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 158 shares in the last quarter. Finally, Salem Investment Counselors Inc. bought a new stake in Prologis during the 4th quarter valued at $37,000. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

PLD has been the topic of several research analyst reports. Argus lowered their price target on Prologis from $139.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Mizuho lowered their price target on Prologis from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. The Goldman Sachs Group lowered their price target on Prologis from $163.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Robert W. Baird lowered their price target on Prologis from $137.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Finally, StockNews.com upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, June 8th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.76.

Read Our Latest Stock Report on Prologis

Prologis Stock Down 0.3 %

PLD traded down $0.37 during trading on Tuesday, reaching $110.91. 682,376 shares of the stock traded hands, compared to its average volume of 3,708,689. The stock has a market cap of $102.68 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 2.50 and a beta of 1.07. Prologis, Inc. has a fifty-two week low of $96.64 and a fifty-two week high of $137.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.29 and a quick ratio of 0.29. The stock’s 50-day simple moving average is $108.88 and its two-hundred day simple moving average is $122.44.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a dividend of $0.96 per share. The ex-dividend date is Monday, June 17th. This represents a $3.84 dividend on an annualized basis and a yield of 3.46%. Prologis’s payout ratio is 112.28%.

Prologis Company Profile

(Free Report)

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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.

See Also

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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