Tidal Investments LLC Has $30.34 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

Tidal Investments LLC lifted its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 43.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 286,993 shares of the real estate investment trust's stock after buying an additional 86,743 shares during the period. Tidal Investments LLC's holdings in Prologis were worth $30,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Phoenix Financial Ltd. lifted its holdings in shares of Prologis by 1.0% during the 4th quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust's stock worth $955,000 after acquiring an additional 86 shares during the period. Principle Wealth Partners LLC raised its stake in Prologis by 2.9% during the fourth quarter. Principle Wealth Partners LLC now owns 3,302 shares of the real estate investment trust's stock worth $349,000 after acquiring an additional 92 shares in the last quarter. Black Diamond Financial LLC lifted its holdings in shares of Prologis by 2.2% during the fourth quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust's stock valued at $449,000 after acquiring an additional 93 shares during the period. Berkshire Bank boosted its stake in shares of Prologis by 2.3% in the 4th quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust's stock valued at $443,000 after purchasing an additional 95 shares in the last quarter. Finally, CreativeOne Wealth LLC grew its holdings in shares of Prologis by 1.7% in the 4th quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust's stock worth $642,000 after purchasing an additional 100 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PLD. Truist Financial cut their target price on shares of Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Barclays cut their target price on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird lowered their price target on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Wells Fargo & Company dropped their price target on shares of Prologis from $146.00 to $119.00 and set an "overweight" rating for the company in a research note on Monday. Finally, UBS Group increased their price objective on shares of Prologis from $121.00 to $137.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $120.42.

Prologis Stock Down 1.7%

NYSE PLD traded down $1.92 on Tuesday, reaching $108.73. The company had a trading volume of 2,689,297 shares, compared to its average volume of 4,190,042. The company's fifty day moving average is $104.76 and its 200-day moving average is $111.04. The firm has a market capitalization of $100.89 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.99 billion. Prologis had a return on equity of 6.44% and a net margin of 45.50%. On average, research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is currently 101.00%.

Prologis Company 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.