Prologis, Inc. (NYSE:PLD) Stake Lowered by Avior Wealth Management LLC

Avior Wealth Management LLC cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,126 shares of the real estate investment trust’s stock after selling 393 shares during the quarter. Avior Wealth Management LLC’s holdings in Prologis were worth $859,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PLD. Dunhill Financial LLC grew its holdings 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 buying an additional 182 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 224 shares in the last quarter. Hara Capital LLC bought a new position in Prologis in the 3rd quarter worth approximately $48,000. Coastline Trust Co bought a new position in Prologis in the 3rd quarter worth approximately $52,000. Finally, Fortitude Family Office LLC grew its holdings in Prologis by 120.6% in the 3rd quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 240 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

Shares of NYSE:PLD opened at $118.90 on Friday. The company’s fifty day moving average is $110.38 and its two-hundred day moving average is $118.34. The company has a quick ratio of 0.43, a current ratio of 0.23 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76. The company has a market cap of $110.12 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is currently 96.00%.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, October 21st. BMO Capital Markets lowered Prologis from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $120.00 to $104.00 in a report on Friday, December 6th. Barclays increased their price objective on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. BTIG Research cut 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. Finally, BNP Paribas upgraded Prologis to a “strong-buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and an average price target of $128.67.

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.