Optas LLC Has $208,000 Position in Prologis, Inc. (NYSE:PLD)

Optas LLC lessened its stake in Prologis, Inc. (NYSE:PLD) by 17.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,964 shares of the real estate investment trust’s stock after selling 404 shares during the quarter. Optas LLC’s holdings in Prologis were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dunhill Financial LLC increased its stake in shares of Prologis by 239.5% in the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 182 shares during the last quarter. Hara Capital LLC purchased a new position in Prologis in the third quarter valued at about $48,000. Coastline Trust Co acquired a new position in Prologis in the 3rd quarter worth about $52,000. Fortitude Family Office LLC raised its stake in shares of Prologis by 120.6% during the 3rd quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 240 shares in the last quarter. Finally, Hanson & Doremus Investment Management lifted its holdings in shares of Prologis by 42.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 623 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

NYSE PLD opened at $118.38 on Wednesday. The company’s fifty day moving average is $111.02 and its two-hundred day moving average is $118.33. Prologis, Inc. has a 52-week low of $100.82 and a 52-week high of $135.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43. The firm has a market capitalization of $109.64 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 2.66 and a beta of 1.10.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 96.00%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PLD. BTIG Research dropped their price objective on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Raymond James restated a “market perform” rating on shares of Prologis in a research note on Monday. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Barclays increased their target price on shares of Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, UBS Group raised their target price on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $128.78.

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.