Stock Yards Bank & Trust Co. Has $261,000 Stock Holdings in Prologis, Inc. (NYSE:PLD)

Stock Yards Bank & Trust Co. cut its position in shares of Prologis, Inc. (NYSE:PLD) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,955 shares of the real estate investment trust’s stock after selling 391 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Prologis were worth $261,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PLD. Strategic Blueprint LLC grew its position in Prologis by 7.4% during the third quarter. Strategic Blueprint LLC now owns 2,041 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 140 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in Prologis by 3.8% during the third quarter. Proficio Capital Partners LLC now owns 3,165 shares of the real estate investment trust’s stock worth $355,000 after purchasing an additional 115 shares during the period. UMB Bank n.a. lifted its stake in Prologis by 3.1% during the third quarter. UMB Bank n.a. now owns 109,672 shares of the real estate investment trust’s stock worth $12,306,000 after purchasing an additional 3,280 shares during the period. Opal Wealth Advisors LLC lifted its stake in Prologis by 16.1% during the third quarter. Opal Wealth Advisors LLC now owns 1,937 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 268 shares during the period. Finally, Czech National Bank lifted its stake in Prologis by 47.7% during the third quarter. Czech National Bank now owns 161,473 shares of the real estate investment trust’s stock worth $18,119,000 after purchasing an additional 52,154 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on PLD. TheStreet upgraded shares of Prologis from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. Morgan Stanley raised their price target on shares of Prologis from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Evercore ISI cut their price target on shares of Prologis from $136.00 to $123.00 and set an “in-line” rating for the company in a research note on Thursday, April 18th. Argus cut their target price on shares of Prologis from $139.00 to $120.00 and set a “buy” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group cut their target price on shares of Prologis from $163.00 to $140.00 and set a “buy” rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Prologis has a consensus rating of “Moderate Buy” and an average target price of $135.41.

Prologis Price Performance

PLD opened at $103.18 on Thursday. The company has a fifty day moving average price of $126.24 and a two-hundred day moving average price of $122.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.08. Prologis, Inc. has a 52 week low of $96.64 and a 52 week high of $137.52. The firm has a market capitalization of $95.45 billion, a PE ratio of 30.17, a P/E/G ratio of 2.10 and a beta of 1.00.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Friday, March 15th. This is a positive change from Prologis’s previous quarterly dividend of $0.87. Prologis’s payout ratio is currently 112.28%.

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.