Yoder Wealth Management Inc. Makes New Investment in Prologis, Inc. (NYSE:PLD)

Yoder Wealth Management Inc. acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) during the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 2,363 shares of the real estate investment trust’s stock, valued at approximately $308,000.

A number of other large investors also recently modified their holdings of the company. Columbia Trust Co 01012016 boosted its holdings in Prologis by 16.0% during the 4th quarter. Columbia Trust Co 01012016 now owns 5,240 shares of the real estate investment trust’s stock valued at $698,000 after acquiring an additional 723 shares during the period. Janney Capital Management LLC raised its holdings in Prologis by 18.8% during the 4th quarter. Janney Capital Management LLC now owns 23,872 shares of the real estate investment trust’s stock valued at $3,182,000 after buying an additional 3,773 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its position in Prologis by 39.4% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 42,005 shares of the real estate investment trust’s stock valued at $5,599,000 after buying an additional 11,882 shares during the period. Atalanta Sosnoff Capital LLC bought a new stake in Prologis in the 4th quarter worth $18,551,000. Finally, DNB Asset Management AS increased its position in shares of Prologis by 17.1% in the fourth quarter. DNB Asset Management AS now owns 287,505 shares of the real estate investment trust’s stock valued at $38,324,000 after acquiring an additional 42,073 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Up 0.0 %

Shares of PLD traded up $0.02 during trading hours on Wednesday, hitting $113.23. The company had a trading volume of 1,339,446 shares, compared to its average volume of 3,729,927. The stock has a market capitalization of $104.83 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 2.50 and a beta of 1.06. The firm has a fifty day moving average price of $108.46 and a 200-day moving average price of $121.45. Prologis, Inc. has a 52-week low of $96.64 and a 52-week 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.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were paid a $0.96 dividend. The ex-dividend date was Monday, June 17th. This represents a $3.84 annualized dividend and a dividend yield of 3.39%. Prologis’s dividend payout ratio is presently 112.28%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BMO Capital Markets downgraded Prologis from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $145.00 to $112.00 in a report on Monday, April 22nd. Evercore ISI decreased their target price on Prologis from $136.00 to $123.00 and set an “in-line” rating for the company in a report on Thursday, April 18th. StockNews.com downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Robert W. Baird dropped their target price on shares of Prologis from $137.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group reduced their price target on shares of Prologis from $163.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.76.

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.