World Investment Advisors Increases Stock Position in Prologis, Inc. (NYSE:PLD)

World Investment Advisors increased its position in Prologis, Inc. (NYSE:PLD) by 41.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,115 shares of the real estate investment trust’s stock after buying an additional 3,284 shares during the quarter. World Investment Advisors’ holdings in Prologis were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission.

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

Prologis Trading Down 3.4 %

NYSE PLD opened at $98.10 on Friday. The firm has a market capitalization of $90.94 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 2.70 and a beta of 1.20. Prologis, Inc. has a one year low of $95.34 and a one year high of $132.57. The company has a 50-day simple moving average of $116.86 and a 200-day simple moving average of $115.54. 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 was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This is a positive change from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a dividend yield of 4.12%. Prologis’s dividend payout ratio is 101.00%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PLD shares. Robert W. Baird increased their price objective on shares of Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Wolfe Research dropped their price target on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. UBS Group upped their price objective on shares of Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Truist Financial lifted their target price 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 increased their price target on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a report on Monday, January 27th. One investment 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.com, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $128.78.

Insider Transactions at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the company’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 completion of the transaction, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. This represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.