Prologis, Inc. (NYSE:PLD) Shares Acquired by Liberty Wealth Management LLC

Liberty Wealth Management LLC lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,976 shares of the real estate investment trust’s stock after purchasing an additional 116 shares during the period. Liberty Wealth Management LLC’s holdings in Prologis were worth $209,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PLD. Centricity Wealth Management LLC acquired a new position in shares of Prologis during the 4th quarter worth approximately $30,000. Dunhill Financial LLC boosted its holdings in shares of Prologis by 239.5% during the 3rd 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 last quarter. Whipplewood Advisors LLC acquired a new position in shares of Prologis during the 4th quarter worth approximately $34,000. Promus Capital LLC acquired a new position in shares of Prologis during the 4th quarter worth approximately $34,000. Finally, Coastline Trust Co acquired a new position in shares of Prologis during the 3rd quarter worth approximately $52,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Performance

Shares of PLD stock opened at $115.70 on Thursday. 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 moving average price of $116.65 and a 200 day moving average price of $117.78. The company has a market cap of $107.23 billion, a P/E ratio of 28.92, a PEG ratio of 2.70 and a beta of 1.09. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.27.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a dividend of $1.01 per share. The ex-dividend date is Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.49%. This is an increase from Prologis’s previous quarterly dividend of $0.96. Prologis’s payout ratio is presently 101.00%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PLD. Robert W. Baird boosted their target price on Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Truist Financial upped their price objective on Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a report on Monday, January 27th. Scotiabank cut their target price on Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Monday, January 27th. BNP Paribas raised Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets lowered Prologis from a “market perform” rating to an “underperform” rating and cut their target price for the company from $120.00 to $104.00 in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and a consensus target price of $128.78.

Insider Buying and Selling

In related news, CIO Joseph Ghazal sold 10,997 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive now 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.50% 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.