Prologis, Inc. (NYSE:PLD) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its holdings in Prologis, Inc. (NYSE:PLD) by 33.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,486 shares of the real estate investment trust’s stock after acquiring an additional 4,345 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Prologis were worth $2,331,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PLD. Family Legacy Inc. raised its position in shares of Prologis by 0.5% in the 4th quarter. Family Legacy Inc. now owns 16,634 shares of the real estate investment trust’s stock valued at $2,217,000 after purchasing an additional 87 shares in the last quarter. Lockerman Financial Group Inc. raised its holdings in Prologis by 2.0% in the fourth quarter. Lockerman Financial Group Inc. now owns 4,402 shares of the real estate investment trust’s stock valued at $587,000 after acquiring an additional 87 shares in the last quarter. Hixon Zuercher LLC boosted its stake in Prologis by 0.6% during the 4th quarter. Hixon Zuercher LLC now owns 14,631 shares of the real estate investment trust’s stock valued at $1,950,000 after acquiring an additional 88 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in Prologis by 11.0% during the 4th quarter. AdvisorNet Financial Inc now owns 911 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 90 shares in the last quarter. Finally, Holistic Financial Partners grew its holdings in Prologis by 5.3% during the 3rd quarter. Holistic Financial Partners now owns 1,926 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the topic of several research analyst reports. UBS Group reduced their price target on shares of Prologis from $151.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Barclays decreased their target price on Prologis from $135.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday. Evercore ISI lowered their price target on Prologis from $136.00 to $123.00 and set an “in-line” rating for the company in a report on Thursday, April 18th. Morgan Stanley raised their price objective on Prologis from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Finally, TheStreet upgraded shares of Prologis from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average price target of $133.53.

Prologis Stock Performance

PLD opened at $105.03 on Tuesday. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52. The stock has a market cap of $97.24 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 2.17 and a beta of 1.00. The business’s 50 day moving average is $124.49 and its 200-day moving average is $121.98. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.51.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $3.84 annualized dividend and a yield of 3.66%. This is an increase from Prologis’s previous quarterly dividend of $0.87. Prologis’s payout ratio is presently 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.