Dynamic Advisor Solutions LLC Decreases Stock Position in Prologis, Inc. (NYSE:PLD)

Dynamic Advisor Solutions LLC decreased its position in shares of Prologis, Inc. (NYSE:PLD) by 20.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,339 shares of the real estate investment trust’s stock after selling 1,332 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Prologis were worth $564,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PLD. Dunhill Financial LLC increased its stake in Prologis by 239.5% in the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 182 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 224 shares in the last quarter. Hara Capital LLC bought a new stake in Prologis in the third quarter worth $48,000. Coastline Trust Co purchased a new stake in Prologis during the third quarter valued at $52,000. Finally, Fortitude Family Office LLC lifted its position in Prologis by 120.6% during the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 240 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on PLD. Wolfe Research dropped their target price on Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, January 17th. BTIG Research decreased their target price on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Scotiabank decreased their price objective on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a report on Monday. BMO Capital Markets lowered shares of Prologis from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. Finally, BNP Paribas upgraded Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and an average price target of $128.78.

Prologis Trading Up 2.0 %

NYSE:PLD opened at $121.29 on Tuesday. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $110.49 and a 200-day simple moving average of $118.41. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76. The company has a market capitalization of $112.33 billion, a P/E ratio of 30.32, a PEG ratio of 3.19 and a beta of 1.09.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio is presently 96.00%.

Prologis 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.