Foundations Investment Advisors LLC Decreases Stock Position in Prologis, Inc. (NYSE:PLD)

Foundations Investment Advisors LLC cut its holdings in Prologis, Inc. (NYSE:PLD) by 19.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,991 shares of the real estate investment trust’s stock after selling 739 shares during the period. Foundations Investment Advisors LLC’s holdings in Prologis were worth $316,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. West Wealth Group LLC lifted its holdings in shares of Prologis by 1.7% during the fourth quarter. West Wealth Group LLC now owns 6,206 shares of the real estate investment trust’s stock valued at $656,000 after purchasing an additional 103 shares in the last quarter. James Hambro & Partners LLP bought a new position in Prologis during the 4th quarter valued at about $820,000. Blue Trust Inc. boosted its holdings in shares of Prologis by 18.8% during the 4th quarter. Blue Trust Inc. now owns 24,573 shares of the real estate investment trust’s stock valued at $2,597,000 after acquiring an additional 3,887 shares during the last quarter. PFG Investments LLC grew its stake in shares of Prologis by 6.5% in the fourth quarter. PFG Investments LLC now owns 21,554 shares of the real estate investment trust’s stock worth $2,278,000 after acquiring an additional 1,317 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Prologis by 13.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,998 shares of the real estate investment trust’s stock valued at $528,000 after purchasing an additional 584 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Down 1.3 %

Shares of PLD opened at $119.14 on Friday. Prologis, Inc. has a 12-month low of $100.82 and a 12-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. The company has a market capitalization of $110.34 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 2.66 and a beta of 1.09. The business’s 50 day moving average is $110.96 and its 200 day moving average is $118.44.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 96.00%.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of research reports. BTIG Research dropped their price target on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. BNP Paribas raised Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Royal Bank of Canada raised their price objective on shares of Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a report on Monday, January 27th. Finally, UBS Group increased their price target on shares of Prologis from $121.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

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.