Navis Wealth Advisors LLC Has $285,000 Holdings in Prologis, Inc. (NYSE:PLD)

Navis Wealth Advisors LLC cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,699 shares of the real estate investment trust’s stock after selling 266 shares during the period. Navis Wealth Advisors LLC’s holdings in Prologis were worth $285,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Empirical Asset Management LLC increased its holdings in shares of Prologis by 339.0% during the fourth quarter. Empirical Asset Management LLC now owns 68,584 shares of the real estate investment trust’s stock worth $7,249,000 after buying an additional 52,963 shares in the last quarter. Sunflower Bank N.A. acquired a new stake in Prologis in the third quarter valued at $249,000. Cardano Risk Management B.V. increased its holdings in Prologis by 2.9% in the fourth quarter. Cardano Risk Management B.V. now owns 893,009 shares of the real estate investment trust’s stock valued at $94,391,000 after purchasing an additional 25,266 shares during the period. Coronation Fund Managers Ltd. acquired a new stake in Prologis in the second quarter valued at $878,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in Prologis by 2.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,199,812 shares of the real estate investment trust’s stock valued at $149,116,000 after purchasing an additional 29,400 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Price Performance

PLD stock opened at $118.90 on Friday. The stock has a market capitalization of $110.12 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09. The company’s 50-day moving average is $110.49 and its 200-day moving average is $118.37. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $135.76.

Prologis Dividend Announcement

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

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of recent research reports. Robert W. Baird upgraded Prologis from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from $124.00 to $123.00 in a report on Monday, January 6th. Barclays increased their price objective on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, November 18th. BNP Paribas upgraded Prologis to a “strong-buy” rating in a report on Wednesday. Truist Financial cut their price target 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, BTIG Research cut their price target on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Prologis presently has an average 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.