Prologis, Inc. (NYSE:PLD) Shares Purchased by Brighton Jones LLC

Brighton Jones LLC increased its position in shares of Prologis, Inc. (NYSE:PLD) by 629.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,475 shares of the real estate investment trust’s stock after acquiring an additional 15,078 shares during the quarter. Brighton Jones LLC’s holdings in Prologis were worth $1,847,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Prologis by 534.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust’s stock valued at $1,280,928,000 after buying an additional 8,545,336 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Prologis by 145.0% in the third quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust’s stock valued at $456,320,000 after buying an additional 2,138,693 shares during the last quarter. AMF Tjanstepension AB raised its holdings in shares of Prologis by 267.9% in the third quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock valued at $236,879,000 after buying an additional 1,365,811 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Prologis by 547.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,034,000 shares of the real estate investment trust’s stock valued at $116,129,000 after buying an additional 874,411 shares during the last quarter. Finally, Cardano Risk Management B.V. purchased a new stake in shares of Prologis in the third quarter valued at about $109,579,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of research reports. Scotiabank reduced their target price on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a report on Wednesday, December 4th. Mizuho reduced their target price on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Raymond James reissued an “outperform” rating and set a $125.00 price target (down from $130.00) on shares of Prologis in a report on Wednesday, December 11th. Truist Financial cut their price target on shares of Prologis from $132.00 to $121.00 and set a “buy” rating for the company in a report on Friday, January 17th. Finally, BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $120.00 to $104.00 in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average target price of $128.67.

Prologis Stock Up 0.3 %

PLD stock opened at $118.90 on Friday. The company’s 50 day simple moving average is $110.38 and its 200-day simple moving average is $118.34. The firm has a market capitalization of $110.12 billion, a PE ratio of 29.73, a P/E/G ratio of 3.19 and a beta of 1.09. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.96 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.23%. Prologis’s dividend payout ratio is presently 96.00%.

About Prologis

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.