Sigma Planning Corp Sells 4,959 Shares of Prologis, Inc. (NYSE:PLD)

Sigma Planning Corp lowered its position in Prologis, Inc. (NYSE:PLD) by 67.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,381 shares of the real estate investment trust’s stock after selling 4,959 shares during the period. Sigma Planning Corp’s holdings in Prologis were worth $317,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Thompson Investment Management Inc. bought a new position in shares of Prologis in the 4th quarter worth approximately $28,000. FinTrust Capital Advisors LLC increased its position in Prologis by 966.7% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 232 shares in the last quarter. Salem Investment Counselors Inc. bought a new position in Prologis during the 4th quarter valued at approximately $37,000. FNY Investment Advisers LLC bought a new position in Prologis during the 4th quarter valued at approximately $39,000. Finally, Webster Bank N. A. increased its position in Prologis by 3,600.0% during the 4th quarter. Webster Bank N. A. now owns 333 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 324 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

PLD has been the subject of a number of analyst reports. Mizuho reaffirmed a “neutral” rating and set a $130.00 price objective on shares of Prologis in a research report on Tuesday, April 2nd. Argus reduced their price objective on Prologis from $139.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Morgan Stanley raised their price objective on Prologis from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Barclays reduced their price objective on Prologis from $141.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. cut their target price on Prologis from $143.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average target price of $134.24.

Prologis Stock Performance

PLD stock opened at $104.06 on Friday. The company has a market cap of $96.26 billion, a P/E ratio of 30.43, a price-to-earnings-growth ratio of 2.15 and a beta of 1.00. Prologis, Inc. has a 1 year low of $96.64 and a 1 year high of $137.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.08 and a quick ratio of 0.30. The stock’s fifty day moving average price is $125.06 and its 200-day moving average price is $121.94.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a $0.96 dividend. This is an increase from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Friday, March 15th. Prologis’s dividend payout ratio (DPR) is 112.28%.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.