Avior Wealth Management LLC Has $859,000 Stock Holdings in Prologis, Inc. (NYSE:PLD)

Avior Wealth Management LLC cut its stake in Prologis, Inc. (NYSE:PLD) by 4.6% during the fourth quarter, HoldingsChannel reports. The fund owned 8,126 shares of the real estate investment trust’s stock after selling 393 shares during the quarter. Avior Wealth Management LLC’s holdings in Prologis were worth $859,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Teamwork Financial Advisors LLC acquired a new position in shares of Prologis in the fourth quarter worth $1,140,000. Raleigh Capital Management Inc. increased its stake in shares of Prologis by 16.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 15,116 shares of the real estate investment trust’s stock worth $1,598,000 after acquiring an additional 2,120 shares during the last quarter. True North Advisors LLC increased its stake in shares of Prologis by 5.5% in the fourth quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock worth $248,000 after acquiring an additional 122 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Prologis by 3.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 459,154 shares of the real estate investment trust’s stock worth $48,533,000 after acquiring an additional 16,222 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC increased its stake in shares of Prologis by 4.6% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 2,450 shares of the real estate investment trust’s stock worth $259,000 after acquiring an additional 108 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Up 0.3 %

NYSE PLD opened at $118.90 on Friday. 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 50-day simple moving average of $110.38 and a 200 day simple moving average of $118.34. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The stock has a market cap of $110.12 billion, a PE ratio of 29.73, a PEG ratio of 3.19 and a beta of 1.09.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Monday, December 16th. Prologis’s payout ratio is presently 96.00%.

Analyst Upgrades and Downgrades

PLD has been the topic of several analyst reports. Robert W. Baird raised shares of Prologis from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $124.00 to $123.00 in a research report on Monday, January 6th. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. BNP Paribas raised shares of Prologis to a “strong-buy” rating in a research report on Wednesday. Truist Financial lowered their target price on shares of Prologis from $132.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $132.00 target price (down from $142.00) on shares of Prologis in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $128.67.

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.