Benjamin F. Edwards & Company Inc. Purchases 1,794 Shares of Prologis, Inc. (NYSE:PLD)

Benjamin F. Edwards & Company Inc. raised its position in Prologis, Inc. (NYSE:PLD) by 36.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,774 shares of the real estate investment trust’s stock after acquiring an additional 1,794 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Prologis were worth $903,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PLD. Thompson Investment Management Inc. acquired a new stake in Prologis during the fourth quarter worth $28,000. Salem Investment Counselors Inc. acquired a new stake in shares of Prologis during the 4th quarter valued at about $37,000. FNY Investment Advisers LLC bought a new stake in Prologis in the fourth quarter valued at about $39,000. Webster Bank N. A. raised its position in Prologis by 3,600.0% in the fourth quarter. Webster Bank N. A. now owns 333 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 324 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Prologis during the fourth quarter worth about $45,000. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Raymond James raised their target price on Prologis from $130.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 24th. Evercore ISI reduced their target price on shares of Prologis from $136.00 to $123.00 and set an “in-line” rating on the stock in a research note on Thursday, April 18th. The Goldman Sachs Group dropped their target price on shares of Prologis from $163.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. StockNews.com lowered shares of Prologis from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Finally, Barclays dropped their price objective on shares of Prologis from $135.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $131.12.

Prologis Price Performance

Shares of PLD opened at $107.80 on Wednesday. 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 firm has a market capitalization of $99.81 billion, a PE ratio of 31.52, a P/E/G ratio of 2.20 and a beta of 1.05. The stock has a 50 day simple moving average of $121.06 and a 200 day simple moving average of $121.90. 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 announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a $0.96 dividend. The ex-dividend date of this dividend was Friday, March 15th. This is a positive change from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 dividend on an annualized basis and a yield of 3.56%. Prologis’s dividend payout ratio is presently 112.28%.

About Prologis

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.