Paradigm Financial Partners LLC Has $1.89 Million Stock Position in Prologis, Inc. (NYSE:PLD)

Paradigm Financial Partners LLC decreased its stake in Prologis, Inc. (NYSE:PLD) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,195 shares of the real estate investment trust’s stock after selling 168 shares during the period. Paradigm Financial Partners LLC’s holdings in Prologis were worth $1,892,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PLD. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Prologis during the third quarter worth $185,164,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Prologis by 6.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,519,324 shares of the real estate investment trust’s stock valued at $1,853,633,000 after purchasing an additional 1,034,211 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Prologis by 43.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,402,293 shares of the real estate investment trust’s stock valued at $269,561,000 after purchasing an additional 721,910 shares in the last quarter. PGGM Investments boosted its stake in shares of Prologis by 29.2% in the 4th quarter. PGGM Investments now owns 3,169,612 shares of the real estate investment trust’s stock valued at $422,509,000 after purchasing an additional 717,172 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Prologis by 23.0% in the third quarter. Barclays PLC now owns 2,809,487 shares of the real estate investment trust’s stock valued at $315,253,000 after buying an additional 525,171 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Up 0.7 %

Shares of NYSE:PLD traded up $0.71 during mid-day trading on Friday, hitting $104.06. 4,037,744 shares of the company traded hands, compared to its average volume of 4,340,292. The stock has a market cap of $96.26 billion, a P/E ratio of 30.43, a P/E/G ratio of 2.17 and a beta of 1.00. The company has a current ratio of 0.08, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Prologis, Inc. has a 12-month low of $96.64 and a 12-month high of $137.52. The stock has a 50-day moving average price of $125.06 and a two-hundred day moving average price of $121.94.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were issued a $0.96 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $3.84 annualized dividend and a dividend yield of 3.69%. This is a boost from Prologis’s previous quarterly dividend of $0.87. Prologis’s dividend payout ratio (DPR) is presently 112.28%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PLD shares. TheStreet raised Prologis from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. Morgan Stanley upped their price objective on Prologis from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group dropped their price objective on Prologis from $163.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Mizuho restated a “neutral” rating and issued a $130.00 price target on shares of Prologis in a research note on Tuesday, April 2nd. Finally, Barclays reduced their price objective on Prologis from $141.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.