Bailard Inc. Has $13.40 Million Holdings in Prologis, Inc. (NYSE:PLD)

Bailard Inc. grew its stake in Prologis, Inc. (NYSE:PLD) by 0.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,533 shares of the real estate investment trust’s stock after buying an additional 296 shares during the period. Bailard Inc.’s holdings in Prologis were worth $13,401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Prologis by 3.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,856 shares of the real estate investment trust’s stock worth $2,780,000 after buying an additional 608 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Prologis by 33.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 17,486 shares of the real estate investment trust’s stock worth $2,331,000 after buying an additional 4,345 shares during the last quarter. South Dakota Investment Council lifted its position in shares of Prologis by 4.1% in the fourth quarter. South Dakota Investment Council now owns 163,133 shares of the real estate investment trust’s stock worth $21,746,000 after buying an additional 6,500 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Prologis in the fourth quarter worth about $688,000. Finally, RWA Wealth Partners LLC lifted its position in shares of Prologis by 6,946.1% in the fourth quarter. RWA Wealth Partners LLC now owns 153,676 shares of the real estate investment trust’s stock worth $20,485,000 after buying an additional 151,495 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the subject of several research analyst reports. TheStreet raised Prologis from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. Royal Bank of Canada boosted their price objective on Prologis from $128.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. UBS Group cut their price objective on Prologis from $151.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Evercore ISI cut their price objective on Prologis from $136.00 to $123.00 and set an “in-line” rating for the company in a research report on Thursday, April 18th. Finally, The Goldman Sachs Group cut their price objective on Prologis from $163.00 to $140.00 and set a “buy” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Prologis has an average rating of “Moderate Buy” and an average price target of $135.41.

Prologis Stock Performance

Prologis stock traded down $1.65 during trading hours on Wednesday, hitting $103.18. The stock had a trading volume of 4,770,766 shares, compared to its average volume of 3,472,218. Prologis, Inc. has a fifty-two week low of $96.64 and a fifty-two week high of $137.52. The company has a market cap of $95.45 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a 50-day moving average of $126.24 and a two-hundred day moving average of $122.03. The company has a quick ratio of 0.30, a current ratio of 0.08 and a debt-to-equity ratio of 0.51.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a $0.96 dividend. This is a positive change from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Friday, March 15th. Prologis’s dividend payout ratio is currently 112.28%.

About Prologis

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.