Independent Advisor Alliance Cuts Stock Holdings in Prologis, Inc. (NYSE:PLD)

Independent Advisor Alliance reduced its stake in Prologis, Inc. (NYSE:PLDFree Report) by 7.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,334 shares of the real estate investment trust’s stock after selling 768 shares during the quarter. Independent Advisor Alliance’s holdings in Prologis were worth $1,244,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Level Four Advisory Services LLC increased its stake in shares of Prologis by 4.2% in the fourth quarter. Level Four Advisory Services LLC now owns 7,643 shares of the real estate investment trust’s stock worth $1,019,000 after purchasing an additional 306 shares in the last quarter. Financial Advocates Investment Management grew its holdings in Prologis by 6.0% during the 4th quarter. Financial Advocates Investment Management now owns 11,501 shares of the real estate investment trust’s stock valued at $1,533,000 after buying an additional 656 shares in the last quarter. NorthRock Partners LLC increased its holdings in Prologis by 15.5% during the 4th quarter. NorthRock Partners LLC now owns 4,615 shares of the real estate investment trust’s stock worth $615,000 after acquiring an additional 619 shares during the period. Private Wealth Management Group LLC purchased a new stake in Prologis in the 4th quarter worth approximately $38,000. Finally, Trillium Asset Management LLC boosted its stake in Prologis by 27.6% during the fourth quarter. Trillium Asset Management LLC now owns 240,740 shares of the real estate investment trust’s stock valued at $32,090,000 after buying an additional 52,019 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PLD shares. Morgan Stanley raised their price objective on shares of Prologis from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Raymond James lifted their price objective on Prologis from $130.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 24th. Scotiabank decreased their price target on Prologis from $149.00 to $130.00 and set a “sector outperform” rating on the stock in a research note on Thursday. TheStreet raised shares of Prologis from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. Finally, Evercore ISI dropped their target price on shares of Prologis from $136.00 to $123.00 and set an “in-line” rating for the company in a report on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average price target of $130.35.

View Our Latest Report on PLD

Prologis Price Performance

Shares of PLD opened at $111.50 on Monday. The company has a market capitalization of $103.23 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.05. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $117.08 and a 200 day moving average of $122.39.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, June 17th. Prologis’s payout ratio is presently 112.28%.

Prologis Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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