Prologis, Inc. (NYSE:PLD) Stock Holdings Increased by TCG Advisory Services LLC

TCG Advisory Services LLC grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 24.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,014 shares of the real estate investment trust’s stock after acquiring an additional 6,305 shares during the quarter. TCG Advisory Services LLC’s holdings in Prologis were worth $4,267,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on PLD. UBS Group dropped their price target on shares of Prologis from $151.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. TheStreet upgraded shares of Prologis from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Barclays reduced their target price on shares of Prologis from $135.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Argus dropped their price target on Prologis from $139.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, BMO Capital Markets lowered Prologis from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $145.00 to $112.00 in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.35.

Prologis Stock Up 1.3 %

Prologis stock traded up $1.36 during trading hours on Friday, hitting $105.89. The company had a trading volume of 3,517,673 shares, compared to its average volume of 4,890,799. The firm’s fifty day moving average is $122.11 and its 200-day moving average is $121.63. The firm has a market capitalization of $98.04 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. Prologis, Inc. has a fifty-two week low of $96.64 and a fifty-two week high of $137.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.29 and a quick ratio of 0.29.

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 is an increase from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.63%. Prologis’s dividend payout ratio is 112.28%.

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.