Prologis, Inc. (NYSE:PLD) Shares Acquired by Guidance Capital Inc.

Guidance Capital Inc. increased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 9.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,898 shares of the real estate investment trust’s stock after purchasing an additional 403 shares during the quarter. Guidance Capital Inc.’s holdings in Prologis were worth $638,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PLD. Optimum Investment Advisors purchased a new stake in Prologis during the first quarter worth approximately $26,000. True Wealth Design LLC purchased a new stake in Prologis during the fourth quarter worth approximately $27,000. Thompson Investment Management Inc. purchased a new stake in Prologis during the fourth quarter worth approximately $28,000. JFS Wealth Advisors LLC lifted its stake in Prologis by 254.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 168 shares during the last quarter. Finally, Clear Investment Research LLC lifted its stake in Prologis by 188.1% during the fourth quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PLD shares. Argus reduced their price objective on Prologis from $139.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Robert W. Baird reduced their price objective on Prologis from $137.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. StockNews.com cut Prologis from a “hold” rating to a “sell” rating in a research note on Friday, June 21st. Barclays reduced their price objective on Prologis from $135.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Prologis from $143.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average price target of $129.76.

Prologis Stock Up 0.9 %

Shares of PLD stock traded up $0.96 on Friday, reaching $112.31. 5,436,382 shares of the company’s stock traded hands, compared to its average volume of 4,492,900. Prologis, Inc. has a 12-month low of $96.64 and a 12-month high of $137.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $103.98 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 2.50 and a beta of 1.07. The business’s 50 day moving average price is $108.14 and its two-hundred day moving average price is $121.83.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $3.84 dividend on an annualized basis and a yield of 3.42%. Prologis’s payout ratio is 112.28%.

Prologis Profile

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.