Jones Financial Companies Lllp Purchases 30,070 Shares of Prologis, Inc. (NYSE:PLD)

Jones Financial Companies Lllp raised its position in shares of Prologis, Inc. (NYSE:PLD) by 44.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,230 shares of the real estate investment trust’s stock after buying an additional 30,070 shares during the quarter. Jones Financial Companies Lllp’s holdings in Prologis were worth $10,277,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Centricity Wealth Management LLC purchased a new position in shares of Prologis in the fourth quarter valued at $30,000. Dunhill Financial LLC lifted its position in Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 182 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Prologis in the 4th quarter worth $34,000. Hara Capital LLC bought a new stake in shares of Prologis in the 3rd quarter worth about $48,000. Finally, Coastline Trust Co purchased a new stake in shares of Prologis during the 3rd quarter valued at about $52,000. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PLD. BNP Paribas upgraded Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. Baird R W upgraded Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Raymond James restated a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. Truist Financial raised their price target on Prologis from $121.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada boosted their price objective on shares of Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average price target of $128.78.

Prologis Trading Down 0.4 %

PLD opened at $123.48 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. The stock’s fifty day moving average is $114.66 and its two-hundred day moving average is $118.00. The company has a market capitalization of $114.45 billion, a P/E ratio of 30.87, a PEG ratio of 2.70 and a beta of 1.10. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $4.04 annualized dividend and a dividend yield of 3.27%. This is a positive change from Prologis’s previous quarterly dividend of $0.96. Prologis’s dividend payout ratio (DPR) is currently 101.00%.

Insider Activity at Prologis

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the transaction, the executive now owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

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.