Transcend Capital Advisors LLC Buys 190 Shares of Prologis, Inc. (NYSE:PLD)

Transcend Capital Advisors LLC boosted its position in shares of Prologis, Inc. (NYSE:PLD) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,646 shares of the real estate investment trust’s stock after purchasing an additional 190 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Prologis were worth $619,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PLD. Thompson Investment Management Inc. bought a new stake in shares of Prologis in the 4th quarter valued at $28,000. FinTrust Capital Advisors LLC grew its stake in Prologis by 966.7% in the third quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 232 shares during the period. Salem Investment Counselors Inc. bought a new stake in shares of Prologis in the fourth quarter worth about $37,000. FNY Investment Advisers LLC acquired a new stake in shares of Prologis during the fourth quarter worth about $39,000. Finally, Webster Bank N. A. lifted its holdings in shares of Prologis by 3,600.0% during the 4th quarter. Webster Bank N. A. now owns 333 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 324 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD stock opened at $105.03 on Tuesday. The stock has a market cap of $97.24 billion, a P/E ratio of 30.71, a P/E/G ratio of 2.17 and a beta of 1.00. The company has a fifty day moving average price of $124.49 and a two-hundred day moving average price of $121.98. Prologis, Inc. has a one year low of $96.64 and a one year 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.

Prologis Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on PLD. UBS Group lowered their target price on Prologis from $151.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. cut their price objective on shares of Prologis from $143.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Argus lowered their target price on Prologis from $139.00 to $120.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Mizuho reissued a “neutral” rating and issued a $130.00 price target on shares of Prologis in a research note on Tuesday, April 2nd. Finally, StockNews.com cut Prologis from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average target price of $133.53.

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.