Stanley Laman Group Ltd. Has $3.73 Million Position in Prologis, Inc. (NYSE:PLD)

Stanley Laman Group Ltd. lowered its holdings in Prologis, Inc. (NYSE:PLD) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,948 shares of the real estate investment trust’s stock after selling 258 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Prologis were worth $3,725,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PLD. Thompson Investment Management Inc. bought a new stake in shares of Prologis in the 4th quarter valued at approximately $28,000. FinTrust Capital Advisors LLC raised its stake in Prologis by 966.7% during the third quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 232 shares in the last quarter. Salem Investment Counselors Inc. bought a new position in shares of Prologis during the fourth quarter valued at $37,000. FNY Investment Advisers LLC acquired a new stake in shares of Prologis in the 4th quarter valued at $39,000. Finally, Valley National Advisers Inc. grew its holdings in shares of Prologis by 178.6% in the 3rd quarter. Valley National Advisers Inc. now owns 390 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Up 0.2 %

NYSE PLD traded up $0.17 during trading hours on Thursday, hitting $103.35. The company’s stock had a trading volume of 3,798,273 shares, compared to its average volume of 3,476,304. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52. The firm has a market capitalization 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 quick ratio of 0.30, a current ratio of 0.08 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average of $125.65 and a 200 day moving average of $121.90.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a $0.96 dividend. The ex-dividend date was Friday, March 15th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.72%. This is an increase from Prologis’s previous quarterly dividend of $0.87. Prologis’s dividend payout ratio is 112.28%.

Analyst Ratings Changes

Several equities analysts recently issued reports on PLD shares. Royal Bank of Canada lifted their price target on shares of Prologis from $128.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, February 16th. UBS Group reduced their target price on Prologis from $151.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Raymond James increased their price target on Prologis from $130.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 24th. Morgan Stanley lifted their price objective on Prologis from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Finally, TheStreet raised Prologis from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average target price of $134.24.

Prologis 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.