G&S Capital LLC Has $1.48 Million Holdings in Prologis, Inc. (NYSE:PLD)

G&S Capital LLC trimmed its stake in Prologis, Inc. (NYSE:PLD) by 3.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 11,337 shares of the real estate investment trust’s stock after selling 400 shares during the period. G&S Capital LLC’s holdings in Prologis were worth $1,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Optimum Investment Advisors acquired a new stake in Prologis during the first quarter worth about $26,000. True Wealth Design LLC acquired a new stake in shares of Prologis during the 4th quarter worth approximately $27,000. Thompson Investment Management Inc. bought a new stake in shares of Prologis during the fourth quarter valued at approximately $28,000. JFS Wealth Advisors LLC raised its stake in shares of Prologis by 254.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 168 shares in the last quarter. Finally, Clear Investment Research LLC lifted its position in Prologis by 188.1% in the fourth quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 158 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Prologis stock opened at $110.43 on Thursday. The stock has a 50-day simple moving average of $107.75 and a 200 day simple moving average of $122.05. The stock has a market capitalization of $102.24 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 2.45 and a beta of 1.07. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.51. Prologis, Inc. has a 12-month low of $96.64 and a 12-month high of $137.52.

Prologis Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PLD shares. JPMorgan Chase & Co. lowered their price target on shares of Prologis from $143.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Mizuho dropped their price target on shares of Prologis from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Argus decreased their price objective on Prologis from $139.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Barclays lowered their price objective on Prologis from $135.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. Finally, Robert W. Baird cut their target price on Prologis from $137.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $129.76.

Prologis 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.