Calamos Wealth Management LLC Raises Holdings in Prologis, Inc. (NYSE:PLD)

Calamos Wealth Management LLC raised its stake in Prologis, Inc. (NYSE:PLD) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 105,436 shares of the real estate investment trust’s stock after acquiring an additional 92 shares during the period. Calamos Wealth Management LLC’s holdings in Prologis were worth $11,145,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PLD. Empirical Asset Management LLC increased its stake in shares of Prologis by 339.0% during the fourth quarter. Empirical Asset Management LLC now owns 68,584 shares of the real estate investment trust’s stock valued at $7,249,000 after buying an additional 52,963 shares during the period. Sunflower Bank N.A. purchased a new position in Prologis during the 3rd quarter valued at $249,000. Cardano Risk Management B.V. raised its holdings in Prologis by 2.9% in the 4th quarter. Cardano Risk Management B.V. now owns 893,009 shares of the real estate investment trust’s stock worth $94,391,000 after purchasing an additional 25,266 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Prologis by 2.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,199,812 shares of the real estate investment trust’s stock worth $149,116,000 after purchasing an additional 29,400 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new stake in shares of Prologis in the 3rd quarter worth about $1,051,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD opened at $117.88 on Tuesday. The firm has a market capitalization of $109.17 billion, a P/E ratio of 29.47, a PEG ratio of 2.66 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43. The business has a fifty day moving average of $111.03 and a 200 day moving average of $118.37. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 3.26%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s payout ratio is 96.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PLD shares. Baird R W upgraded Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. The Goldman Sachs Group reissued a “neutral” rating and set a $132.00 price target (down from $142.00) on shares of Prologis in a research report on Monday, October 21st. Scotiabank decreased their target price on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Monday, January 27th. BTIG Research reduced their price objective on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, Mizuho dropped their target price on Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.