Gilbert & Cook Inc. Acquires 233 Shares of Prologis, Inc. (NYSE:PLD)

Gilbert & Cook Inc. boosted its holdings in Prologis, Inc. (NYSE:PLDFree Report) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,487 shares of the real estate investment trust’s stock after acquiring an additional 233 shares during the quarter. Gilbert & Cook Inc.’s holdings in Prologis were worth $731,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Family Legacy Inc. lifted its position in 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 acquiring an additional 87 shares in the last quarter. Lockerman Financial Group Inc. lifted its position in Prologis by 2.0% in the 4th 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 lifted its position in Prologis by 0.6% in 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 in the last quarter. AdvisorNet Financial Inc lifted its position in Prologis by 11.0% in the 4th quarter. AdvisorNet Financial Inc now owns 911 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 90 shares in the last quarter. Finally, Holistic Financial Partners lifted its position in Prologis by 5.3% in the 3rd quarter. Holistic Financial Partners now owns 1,926 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 97 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PLD shares. Robert W. Baird decreased their target price on shares of Prologis from $137.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. The Goldman Sachs Group reduced their price objective on Prologis from $163.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Barclays decreased their price target on Prologis from $135.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, April 29th. Evercore ISI decreased their price target on Prologis from $136.00 to $123.00 and set an “in-line” rating on the stock in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. decreased their price target on Prologis from $143.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.76.

Get Our Latest Analysis on PLD

Prologis Stock Up 2.7 %

Shares of NYSE:PLD opened at $110.49 on Monday. Prologis, Inc. has a 1 year low of $96.64 and a 1 year high of $137.52. The business has a 50 day simple moving average of $112.48 and a two-hundred day simple moving average of $122.53. The firm has a market capitalization of $102.30 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 2.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.29 and a quick ratio of 0.29.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $3.84 annualized dividend and a dividend yield of 3.48%. Prologis’s dividend payout ratio (DPR) is presently 112.28%.

Prologis Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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