BankPlus Wealth Management LLC Invests $268,000 in Prologis, Inc. (NYSE:PLD)

BankPlus Wealth Management LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,537 shares of the real estate investment trust’s stock, valued at approximately $268,000.

A number of other large investors have also recently bought and sold shares of the business. Coronation Fund Managers Ltd. acquired a new stake in Prologis in the 2nd quarter worth approximately $878,000. Mackenzie Financial Corp lifted its position in shares of Prologis by 4.2% during the 2nd quarter. Mackenzie Financial Corp now owns 121,838 shares of the real estate investment trust’s stock worth $13,684,000 after purchasing an additional 4,952 shares during the last quarter. Creative Planning boosted its stake in Prologis by 1.7% during the 2nd quarter. Creative Planning now owns 84,644 shares of the real estate investment trust’s stock valued at $9,506,000 after purchasing an additional 1,401 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in Prologis in the 2nd quarter valued at approximately $1,826,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Prologis by 16.6% during the second quarter. NewEdge Advisors LLC now owns 75,000 shares of the real estate investment trust’s stock worth $8,423,000 after buying an additional 10,687 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Trading Up 2.0 %

PLD stock opened at $121.29 on Tuesday. The business has a fifty day moving average price of $110.49 and a 200 day moving average price of $118.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The stock has a market capitalization of $112.33 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 3.19 and a beta of 1.09.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.96 per share. The ex-dividend date was Monday, December 16th. This represents a $3.84 annualized dividend and a yield of 3.17%. Prologis’s dividend payout ratio (DPR) is 96.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PLD. Scotiabank dropped their target price on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Monday. Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. BTIG Research reduced their target price on shares of Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Wolfe Research lowered their price target on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, BMO Capital Markets downgraded Prologis from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.78.

Prologis Company Profile

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.