Park Place Capital Corp Has $545,000 Stake in Prologis, Inc. (NYSE:PLD)

Park Place Capital Corp lessened its holdings in Prologis, Inc. (NYSE:PLD) by 40.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,156 shares of the real estate investment trust’s stock after selling 3,519 shares during the period. Park Place Capital Corp’s holdings in Prologis were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Semmax Financial Advisors Inc. bought a new position in shares of Prologis in the second quarter valued at about $27,000. Sunbelt Securities Inc. grew its stake in Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 224 shares during the last quarter. Dunhill Financial LLC raised its holdings in Prologis by 239.5% in the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 182 shares during the period. Hara Capital LLC acquired a new stake in Prologis during the third quarter worth approximately $48,000. Finally, Coastline Trust Co acquired a new stake in Prologis during the third quarter worth approximately $52,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PLD. Raymond James reiterated an “outperform” rating and set a $125.00 target price (down previously from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. The Goldman Sachs Group restated a “neutral” rating and issued a $132.00 price target (down from $142.00) on shares of Prologis in a research note on Monday, October 21st. Mizuho dropped their price objective on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Finally, Baird R W upgraded Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $128.67.

Prologis Trading Down 0.3 %

PLD opened at $116.93 on Wednesday. The company has a fifty day moving average of $110.34 and a 200-day moving average of $118.36. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56. The stock has a market cap of $108.29 billion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 3.01 and a beta of 1.09.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is 116.01%.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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.