Calamos Wealth Management LLC Has $11.15 Million Position in Prologis, Inc. (NYSE:PLD)

Calamos Wealth Management LLC boosted its stake in shares of Prologis, Inc. (NYSE:PLD) by 0.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 105,436 shares of the real estate investment trust’s stock after buying an additional 92 shares during the period. Calamos Wealth Management LLC’s holdings in Prologis were worth $11,145,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PLD. AMF Tjanstepension AB lifted its position 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 worth $236,879,000 after purchasing an additional 1,365,811 shares in the last quarter. Czech National Bank lifted its position in Prologis by 6.9% during the 3rd quarter. Czech National Bank now owns 188,618 shares of the real estate investment trust’s stock worth $23,819,000 after buying an additional 12,190 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Prologis by 27.2% during the 3rd quarter. GAMMA Investing LLC now owns 11,383 shares of the real estate investment trust’s stock worth $1,437,000 after buying an additional 2,434 shares during the last quarter. Azzad Asset Management Inc. ADV grew its holdings in shares of Prologis by 3.5% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 43,548 shares of the real estate investment trust’s stock valued at $5,499,000 after acquiring an additional 1,482 shares in the last quarter. Finally, Everpar Advisors LLC acquired a new stake in shares of Prologis in the third quarter valued at about $218,000. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of NYSE:PLD opened at $117.88 on Tuesday. The company’s 50 day moving average price is $111.03 and its two-hundred day moving average price is $118.37. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76. The company has a quick ratio of 0.43, a current ratio of 0.23 and a debt-to-equity ratio of 0.53. The firm has a market cap of $109.17 billion, a PE ratio of 29.47, a PEG ratio of 2.66 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 $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s payout ratio is currently 96.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PLD shares. BTIG Research lowered their price target on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Raymond James reissued a “market perform” rating on shares of Prologis in a research report on Monday. BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $120.00 to $104.00 in a report on Friday, December 6th. JPMorgan Chase & Co. reduced their price target on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Finally, Truist Financial raised their price objective on Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $128.78.

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.