Prologis, Inc. (NYSE:PLD) Position Increased by World Investment Advisors

World Investment Advisors grew its holdings in Prologis, Inc. (NYSE:PLD) by 41.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,115 shares of the real estate investment trust’s stock after purchasing an additional 3,284 shares during the period. World Investment Advisors’ holdings in Prologis were worth $1,175,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new stake in Prologis in the 4th quarter worth about $26,000. Crowley Wealth Management Inc. acquired a new position in shares of Prologis in the 4th quarter valued at about $27,000. Centricity Wealth Management LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $30,000. Dunhill Financial LLC boosted its holdings in shares of Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 182 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Prologis during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

Shares of Prologis stock opened at $98.10 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $116.86 and a 200-day simple moving average of $115.54. The stock has a market capitalization of $90.94 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 2.70 and a beta of 1.20. Prologis, Inc. has a 1-year low of $95.34 and a 1-year high of $132.57.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were given a dividend of $1.01 per share. This is a positive change from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date was Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a yield of 4.12%. Prologis’s payout ratio is currently 101.00%.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of research analyst reports. BTIG Research cut their target price on shares of Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Mizuho cut their price objective on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Robert W. Baird lifted their price objective on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. BNP Paribas raised Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, Scotiabank reduced their price target on Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average price target of $128.78.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total value of $1,305,783.78. Following the transaction, the executive now directly owns 7,977 shares in the company, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

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.