Synergy Asset Management LLC bought a new position in shares of Prologis, Inc. (NYSE:PLD – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 10,138 shares of the real estate investment trust’s stock, valued at approximately $1,057,000.
A number of other large investors have also modified their holdings of the business. Dunhill Financial LLC grew its holdings in Prologis by 239.5% during 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 period. Sunbelt Securities Inc. increased its holdings in shares of Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 224 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of Prologis in the third quarter valued at about $48,000. Coastline Trust Co purchased a new stake in Prologis during the third quarter worth about $52,000. Finally, Fortitude Family Office LLC grew its position in Prologis by 120.6% during the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 240 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.
Prologis Stock Performance
Shares of PLD stock opened at $119.35 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23. The firm has a market capitalization of $110.53 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09. The company has a 50 day moving average price of $110.73 and a 200 day moving average price of $118.41. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76.
Prologis Announces Dividend
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on PLD. Scotiabank reduced their price target on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Monday. Barclays upped their target price on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Raymond James reissued an “outperform” rating and issued a $125.00 price objective (down from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. Finally, BTIG Research cut their target price on shares of Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus target price of $128.72.
Check Out Our Latest Report on Prologis
About Prologis
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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