Prologis, Inc. (NYSE:PLD) Shares Purchased by Nwam LLC

Nwam LLC raised its position in shares of Prologis, Inc. (NYSE:PLD) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,106 shares of the real estate investment trust’s stock after purchasing an additional 307 shares during the quarter. Nwam LLC’s holdings in Prologis were worth $328,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. HM Payson & Co. boosted its stake in Prologis by 20.4% during the third quarter. HM Payson & Co. now owns 589 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 100 shares in the last quarter. Stephens Inc. AR lifted its holdings in Prologis by 2.3% in the 3rd quarter. Stephens Inc. AR now owns 52,631 shares of the real estate investment trust’s stock valued at $6,646,000 after acquiring an additional 1,173 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Prologis by 16.7% during the 3rd quarter. Principal Securities Inc. now owns 21,259 shares of the real estate investment trust’s stock valued at $2,685,000 after purchasing an additional 3,045 shares in the last quarter. Focus Financial Network Inc. acquired a new position in shares of Prologis in the 3rd quarter worth approximately $299,000. Finally, Gladstone Institutional Advisory LLC raised its holdings in shares of Prologis by 3.7% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 4,028 shares of the real estate investment trust’s stock worth $509,000 after purchasing an additional 144 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Trading Up 0.9 %

Prologis stock opened at $123.88 on Friday. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76. 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 has a market cap of $114.82 billion, a P/E ratio of 30.97, a P/E/G ratio of 2.70 and a beta of 1.10. The company’s fifty day simple moving average is $114.28 and its 200-day simple moving average is $118.05.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a $1.01 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a yield of 3.26%. This is an increase from Prologis’s previous quarterly dividend of $0.96. Prologis’s payout ratio is 101.00%.

Analysts Set New Price Targets

PLD has been the subject of several recent research reports. Raymond James reissued a “market perform” rating on shares of Prologis in a research note on Monday, February 3rd. Truist Financial raised their price objective on Prologis from $121.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Wolfe Research cut their target price on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Scotiabank reduced their target price on Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a report on Monday, January 27th. Finally, Mizuho dropped their price target on Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven 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 presently has an average rating of “Moderate Buy” and an average target price of $128.78.

Insiders Place Their Bets

In related news, CIO Joseph Ghazal sold 10,997 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive now owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.