Artemis Investment Management LLP Acquires 236 Shares of Prologis, Inc. (NYSE:PLD)

Artemis Investment Management LLP grew its holdings in Prologis, Inc. (NYSE:PLD) by 0.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 72,269 shares of the real estate investment trust’s stock after purchasing an additional 236 shares during the period. Artemis Investment Management LLP’s holdings in Prologis were worth $9,154,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. True Wealth Design LLC bought a new position in shares of Prologis in the 4th quarter valued at $27,000. Optimum Investment Advisors acquired a new stake in shares of Prologis during the 1st quarter valued at $26,000. Thompson Investment Management Inc. acquired a new stake in shares of Prologis during the 4th quarter valued at $28,000. JFS Wealth Advisors LLC boosted its holdings in shares of Prologis by 254.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 168 shares in the last quarter. Finally, Clear Investment Research LLC boosted its holdings in shares of Prologis by 188.1% during the 4th quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 158 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Scotiabank cut their price objective on Prologis from $149.00 to $130.00 and set a “sector outperform” rating on the stock in a report on Thursday, May 16th. BMO Capital Markets downgraded Prologis from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $145.00 to $112.00 in a report on Monday, April 22nd. UBS Group cut their price objective on Prologis from $151.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Robert W. Baird cut their price objective on Prologis from $137.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Finally, Evercore ISI cut their target price on Prologis from $136.00 to $123.00 and set an “in-line” rating on the stock in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average price target of $129.76.

Prologis Stock Up 0.9 %

Shares of NYSE:PLD opened at $112.34 on Friday. The company has a market capitalization of $104.01 billion, a price-to-earnings ratio of 32.85, a P/E/G ratio of 2.46 and a beta of 1.07. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.29 and a quick ratio of 0.29. The business’s 50-day moving average is $108.14 and its 200-day moving average is $121.83. Prologis, Inc. has a 1 year low of $96.64 and a 1 year high of $137.52.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Monday, June 17th. Prologis’s dividend payout ratio is 112.28%.

Prologis 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.