Prologis, Inc. (NYSE:PLD) Holdings Raised by Seven Post Investment Office LP

Seven Post Investment Office LP grew its stake in Prologis, Inc. (NYSE:PLD) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 157,047 shares of the real estate investment trust’s stock after acquiring an additional 892 shares during the period. Prologis comprises 5.3% of Seven Post Investment Office LP’s investment portfolio, making the stock its 4th biggest holding. Seven Post Investment Office LP’s holdings in Prologis were worth $20,934,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AJOVista LLC purchased a new stake in Prologis during the 4th quarter worth approximately $253,000. Legacy Financial Advisors Inc. increased its stake in Prologis by 5.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 4,041 shares of the real estate investment trust’s stock worth $539,000 after buying an additional 219 shares during the period. Sapient Capital LLC purchased a new stake in Prologis during the 4th quarter worth approximately $890,000. Alterna Wealth Management Inc. purchased a new stake in Prologis during the 4th quarter worth approximately $244,000. Finally, Merit Financial Group LLC increased its stake in Prologis by 30.7% during the 4th quarter. Merit Financial Group LLC now owns 4,650 shares of the real estate investment trust’s stock worth $620,000 after buying an additional 1,092 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PLD shares. JPMorgan Chase & Co. cut their target price on shares of Prologis from $143.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Robert W. Baird dropped their price objective on shares of Prologis from $137.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday. StockNews.com downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Evercore ISI dropped their price objective on shares of Prologis from $136.00 to $123.00 and set an “in-line” rating on the stock in a research report on Thursday, April 18th. Finally, TheStreet raised shares of Prologis from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $132.35.

Prologis Stock Performance

NYSE:PLD traded up $1.36 during trading hours on Friday, reaching $105.89. 3,517,673 shares of the company’s stock were exchanged, compared to its average volume of 4,890,799. The firm has a market capitalization of $98.04 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 2.20 and a beta of 1.05. The company has a 50-day moving average of $122.11 and a 200 day moving average of $121.63. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.51. Prologis, Inc. has a 1-year low of $96.64 and a 1-year high of $137.52.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $3.84 dividend on an annualized basis and a yield of 3.63%. This is a boost from Prologis’s previous quarterly dividend of $0.87. Prologis’s dividend payout ratio is currently 112.28%.

About Prologis

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.