Arkadios Wealth Advisors Sells 1,316 Shares of Prologis, Inc. (NYSE:PLD)

Arkadios Wealth Advisors decreased its position in Prologis, Inc. (NYSE:PLD) by 8.7% during the 4th quarter, Holdings Channel reports. The firm owned 13,879 shares of the real estate investment trust’s stock after selling 1,316 shares during the period. Arkadios Wealth Advisors’ holdings in Prologis were worth $1,467,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. ASB Consultores LLC grew its position in shares of Prologis by 3.7% in the 3rd quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 86 shares during the last quarter. CX Institutional boosted its holdings in Prologis by 2.7% in the third quarter. CX Institutional now owns 3,347 shares of the real estate investment trust’s stock valued at $423,000 after acquiring an additional 88 shares in the last quarter. DT Investment Partners LLC increased its position in Prologis by 9.8% during the 3rd quarter. DT Investment Partners LLC now owns 1,043 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 93 shares during the period. Carmel Capital Partners LLC raised its holdings in Prologis by 2.6% in the 3rd quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust’s stock worth $473,000 after purchasing an additional 94 shares in the last quarter. Finally, Yoder Wealth Management Inc. lifted its position in shares of Prologis by 4.0% in the 3rd quarter. Yoder Wealth Management Inc. now owns 2,500 shares of the real estate investment trust’s stock worth $316,000 after purchasing an additional 97 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Down 1.3 %

PLD stock opened at $109.51 on Monday. The stock has a market capitalization of $101.43 billion, a P/E ratio of 33.09, a P/E/G ratio of 2.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $135.76. The business has a fifty day moving average price of $110.34 and a 200-day moving average price of $118.33.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is 116.01%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PLD shares. Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Mizuho decreased their target price on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Raymond James restated an “outperform” rating and set a $125.00 price target (down from $130.00) on shares of Prologis in a research report on Wednesday, December 11th. Wolfe Research decreased their price objective on Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a report on Friday. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $132.00 price objective (down previously from $142.00) on shares of Prologis in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.