FourThought Financial Partners LLC Has $2.81 Million Stake in Prologis, Inc. (NYSE:PLD)

FourThought Financial Partners LLC boosted its holdings in Prologis, Inc. (NYSE:PLD) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,043 shares of the real estate investment trust’s stock after purchasing an additional 311 shares during the quarter. FourThought Financial Partners LLC’s holdings in Prologis were worth $2,805,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PLD. Cambridge Investment Research Advisors Inc. boosted its position in shares of Prologis by 5.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 78,909 shares of the real estate investment trust’s stock valued at $8,854,000 after buying an additional 3,852 shares during the last quarter. FinTrust Capital Advisors LLC grew its position in Prologis by 966.7% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 232 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Prologis by 10.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 214,352 shares of the real estate investment trust’s stock worth $24,052,000 after buying an additional 20,536 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Prologis by 7.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,836 shares of the real estate investment trust’s stock worth $1,104,000 after buying an additional 697 shares during the last quarter. Finally, Bridges Investment Management Inc. increased its position in shares of Prologis by 3.7% during the third quarter. Bridges Investment Management Inc. now owns 12,780 shares of the real estate investment trust’s stock valued at $1,434,000 after acquiring an additional 451 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PLD. Raymond James upped their price objective on Prologis from $130.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 24th. UBS Group dropped their price objective on Prologis from $151.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Evercore ISI lowered their target price on Prologis from $136.00 to $123.00 and set an “in-line” rating on the stock in a research note on Thursday, April 18th. Argus dropped 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. Finally, BMO Capital Markets lowered Prologis from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $145.00 to $112.00 in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.35.

Prologis Price Performance

Prologis stock traded up $1.36 during midday trading on Friday, hitting $105.89. 3,517,673 shares of the company’s stock were exchanged, compared to its average volume of 4,890,799. The company has a market cap of $98.04 billion, a P/E ratio of 30.96, a PEG ratio of 2.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a 50-day moving average price of $122.11 and a two-hundred day moving average price of $121.63. Prologis, Inc. has a 52-week low of $96.64 and a 52-week high of $137.52.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.63%. This is a boost from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Friday, March 15th. Prologis’s dividend payout ratio is 112.28%.

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.