Geneos Wealth Management Inc. Increases Position in Prologis, Inc. (NYSE:PLD)

Geneos Wealth Management Inc. lifted its holdings in Prologis, Inc. (NYSE:PLD) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,776 shares of the real estate investment trust’s stock after buying an additional 1,124 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Prologis were worth $3,993,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLD. Empirical Asset Management LLC increased its stake in Prologis by 339.0% in the fourth quarter. Empirical Asset Management LLC now owns 68,584 shares of the real estate investment trust’s stock worth $7,249,000 after purchasing an additional 52,963 shares during the period. Sunflower Bank N.A. bought a new stake in Prologis during the 3rd quarter valued at about $249,000. Cardano Risk Management B.V. boosted its position in Prologis by 2.9% in the 4th quarter. Cardano Risk Management B.V. now owns 893,009 shares of the real estate investment trust’s stock valued at $94,391,000 after buying an additional 25,266 shares during the period. Coronation Fund Managers Ltd. purchased a new position in shares of Prologis during the second quarter worth approximately $878,000. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Prologis by 2.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,199,812 shares of the real estate investment trust’s stock valued at $149,116,000 after acquiring an additional 29,400 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Stock Up 0.3 %

NYSE:PLD opened at $118.90 on Friday. The company’s 50 day moving average is $110.49 and its two-hundred day moving average is $118.37. The company has a market cap of $110.12 billion, a PE ratio of 29.73, a P/E/G ratio of 3.19 and a beta of 1.09. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.96 dividend. The ex-dividend date was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.23%. Prologis’s dividend payout ratio (DPR) is 96.00%.

Analyst Ratings Changes

Several brokerages recently issued reports on PLD. Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their price target on Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Mizuho lowered 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. BTIG Research cut their target price on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, Truist Financial lowered their price target on shares of Prologis from $132.00 to $121.00 and set a “buy” rating for the company in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.67.

Prologis Company 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.