Baker Ellis Asset Management LLC Acquires 400 Shares of Prologis, Inc. (NYSE:PLD)

Baker Ellis Asset Management LLC raised its holdings in Prologis, Inc. (NYSE:PLD) by 4.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,550 shares of the real estate investment trust’s stock after acquiring an additional 400 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Prologis were worth $1,009,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Semmax Financial Advisors Inc. bought a new position in Prologis in the 2nd quarter valued at $27,000. Sunbelt Securities Inc. grew its position in shares of Prologis by 640.0% during 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. Dunhill Financial LLC grew its position in shares of Prologis by 239.5% during 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. Hara Capital LLC bought a new position in shares of Prologis during the 3rd quarter worth $48,000. Finally, Coastline Trust Co bought a new position in shares of Prologis during the 3rd quarter worth $52,000. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PLD shares. Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Mizuho decreased their price target on 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 Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. The Goldman Sachs Group restated a “neutral” rating and issued a $132.00 price objective (down from $142.00) on shares of Prologis in a research note on Monday, October 21st. Finally, Scotiabank reduced their price objective on Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.67.

Prologis Stock Down 1.8 %

Shares of PLD opened at $115.16 on Thursday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76. The stock’s 50 day moving average is $110.34 and its two-hundred day moving average is $118.36. The firm has a market cap of $106.66 billion, a P/E ratio of 34.79, a PEG ratio of 3.01 and a beta of 1.09.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio is presently 116.01%.

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.