33,640 Shares in Prologis, Inc. (NYSE:PLD) Acquired by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC purchased a new position in shares of Prologis, Inc. (NYSE:PLD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,640 shares of the real estate investment trust’s stock, valued at approximately $3,556,000.

A number of other large investors also recently bought and sold shares of the stock. Sunbelt Securities Inc. boosted its holdings in Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 224 shares during the last quarter. AMF Tjanstepension AB raised its holdings in shares of Prologis by 267.9% in the 3rd 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 during the period. Czech National Bank lifted its stake in shares of Prologis by 6.9% in the 3rd quarter. Czech National Bank now owns 188,618 shares of the real estate investment trust’s stock valued at $23,819,000 after purchasing an additional 12,190 shares in the last quarter. Thrive Wealth Management LLC purchased a new stake in shares of Prologis during the 3rd quarter worth about $205,000. Finally, waypoint wealth counsel increased its position in Prologis by 7.0% during the 3rd quarter. waypoint wealth counsel now owns 2,785 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PLD. Mizuho decreased their price objective on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Wolfe Research decreased their price target on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. 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. Raymond James reaffirmed an “outperform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Prologis in a research report on Wednesday, December 11th. Finally, UBS Group raised their target price on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

Prologis Stock Down 1.3 %

Shares of Prologis stock opened at $119.14 on Friday. The business has a 50-day moving average price of $111.03 and a 200 day moving average price of $118.42. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The firm has a market cap of $110.34 billion, a P/E ratio of 29.78, a P/E/G ratio of 2.66 and a beta of 1.09. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio is currently 96.00%.

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.