Prologis, Inc. (NYSE:PLD) Shares Bought by Schnieders Capital Management LLC

Schnieders Capital Management LLC increased its stake in Prologis, Inc. (NYSE:PLD) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,378 shares of the real estate investment trust’s stock after buying an additional 190 shares during the quarter. Schnieders Capital Management LLC’s holdings in Prologis were worth $780,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. AMF Tjanstepension AB lifted its holdings in Prologis by 267.9% during the 3rd quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock worth $236,879,000 after buying an additional 1,365,811 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Prologis by 14.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 28,534 shares of the real estate investment trust’s stock worth $3,603,000 after purchasing an additional 3,614 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Prologis by 0.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 46,210 shares of the real estate investment trust’s stock worth $5,835,000 after purchasing an additional 327 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Prologis by 8.3% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,518 shares of the real estate investment trust’s stock worth $571,000 after purchasing an additional 345 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its holdings in shares of Prologis by 120.6% in the 3rd quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 240 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 0.4 %

Shares of PLD stock opened at $122.11 on Thursday. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $135.76. The stock has a market cap of $113.18 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 2.70 and a beta of 1.10. The business’s fifty day moving average is $113.44 and its 200-day moving average is $118.02. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.31%. This is a boost from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, March 18th. Prologis’s payout ratio is presently 101.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PLD. BTIG Research cut their price target on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Wolfe Research cut their price target on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Royal Bank of Canada raised their price target on Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a report on Monday, January 27th. Robert W. Baird lifted their target price on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, BNP Paribas raised Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.78.

Insider Buying and Selling

In related news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction on 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 $947,188.98. The trade was a 57.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.56% of the company’s stock.

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.