Benjamin F. Edwards & Company Inc. Raises Stock Holdings in Prologis, Inc. (NYSE:PLD)

Benjamin F. Edwards & Company Inc. boosted its stake in Prologis, Inc. (NYSE:PLD) by 36.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,774 shares of the real estate investment trust’s stock after purchasing an additional 1,794 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Prologis were worth $903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Family Legacy Inc. lifted its holdings in shares of Prologis by 0.5% in the 4th quarter. Family Legacy Inc. now owns 16,634 shares of the real estate investment trust’s stock worth $2,217,000 after acquiring an additional 87 shares during the last quarter. Lockerman Financial Group Inc. lifted its stake in Prologis by 2.0% in the fourth quarter. Lockerman Financial Group Inc. now owns 4,402 shares of the real estate investment trust’s stock worth $587,000 after purchasing an additional 87 shares during the last quarter. Hixon Zuercher LLC boosted its position in Prologis by 0.6% during the fourth quarter. Hixon Zuercher LLC now owns 14,631 shares of the real estate investment trust’s stock valued at $1,950,000 after buying an additional 88 shares during the period. AdvisorNet Financial Inc grew its stake in shares of Prologis by 11.0% during the fourth quarter. AdvisorNet Financial Inc now owns 911 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 90 shares during the last quarter. Finally, Holistic Financial Partners increased its holdings in shares of Prologis by 5.3% in the third quarter. Holistic Financial Partners now owns 1,926 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 97 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Up 3.0 %

Shares of Prologis stock opened at $107.80 on Wednesday. Prologis, Inc. has a 1 year low of $96.64 and a 1 year high of $137.52. The firm has a market cap of $99.81 billion, a price-to-earnings ratio of 31.52, a PEG ratio of 2.20 and a beta of 1.05. The company has a 50-day moving average of $121.06 and a 200 day moving average of $121.90. 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 announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were paid a dividend of $0.96 per share. This is an increase from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date was Friday, March 15th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.56%. Prologis’s dividend payout ratio (DPR) is currently 112.28%.

Wall Street Analyst Weigh In

PLD has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Prologis from $143.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Robert W. Baird decreased their price objective on shares of Prologis from $137.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Morgan Stanley increased their target price on shares of Prologis from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Barclays reduced their price target on Prologis from $135.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, April 29th. Finally, StockNews.com lowered Prologis from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $131.12.

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.