J.Safra Asset Management Corp Reduces Position in Prologis, Inc. (NYSE:PLD)

J.Safra Asset Management Corp lessened its holdings in shares of Prologis, Inc. (NYSE:PLD) by 21.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 725 shares of the real estate investment trust’s stock after selling 196 shares during the quarter. J.Safra Asset Management Corp’s holdings in Prologis were worth $97,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Strategic Blueprint LLC lifted its position in shares of Prologis by 7.4% during the third quarter. Strategic Blueprint LLC now owns 2,041 shares of the real estate investment trust’s stock worth $229,000 after acquiring an additional 140 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in Prologis by 3.8% during the 3rd quarter. Proficio Capital Partners LLC now owns 3,165 shares of the real estate investment trust’s stock worth $355,000 after purchasing an additional 115 shares in the last quarter. UMB Bank n.a. boosted its stake in Prologis by 3.1% in the 3rd quarter. UMB Bank n.a. now owns 109,672 shares of the real estate investment trust’s stock worth $12,306,000 after purchasing an additional 3,280 shares during the period. Opal Wealth Advisors LLC grew its holdings in Prologis by 16.1% during the 3rd quarter. Opal Wealth Advisors LLC now owns 1,937 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 268 shares in the last quarter. Finally, Czech National Bank increased its position in shares of Prologis by 47.7% during the third quarter. Czech National Bank now owns 161,473 shares of the real estate investment trust’s stock valued at $18,119,000 after buying an additional 52,154 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 0.2 %

NYSE PLD traded up $0.17 during trading on Thursday, hitting $103.35. 3,798,273 shares of the company’s stock traded hands, compared to its average volume of 3,476,304. The stock has a fifty day moving average of $125.65 and a two-hundred day moving average of $121.90. Prologis, Inc. has a 12-month low of $96.64 and a 12-month high of $137.52. The firm has a market cap of $95.60 billion, a P/E ratio of 30.22, a PEG ratio of 2.17 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.08 and a quick ratio of 0.30.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.72%. This is a positive change from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Friday, March 15th. Prologis’s dividend payout ratio (DPR) is presently 112.28%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PLD. TheStreet raised shares of Prologis from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. Morgan Stanley boosted their price target 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. Mizuho reiterated a “neutral” rating and issued a $130.00 price objective on shares of Prologis in a research report on Tuesday, April 2nd. Royal Bank of Canada lifted their price objective on Prologis from $128.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, Argus decreased their target price on Prologis from $139.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.24.

Prologis Company Profile

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.