Gladstone Institutional Advisory LLC Buys 1,062 Shares of Prologis, Inc. (NYSE:PLD)

Gladstone Institutional Advisory LLC grew its holdings in Prologis, Inc. (NYSE:PLD) by 26.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,090 shares of the real estate investment trust’s stock after buying an additional 1,062 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Prologis were worth $538,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Certuity LLC acquired a new position in shares of Prologis in the 4th quarter valued at $225,000. Community Financial Services Group LLC raised its stake in shares of Prologis by 3.3% in the 4th quarter. Community Financial Services Group LLC now owns 54,879 shares of the real estate investment trust’s stock valued at $5,801,000 after buying an additional 1,757 shares in the last quarter. Quent Capital LLC raised its stake in shares of Prologis by 12.5% in the 4th quarter. Quent Capital LLC now owns 1,502 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 167 shares in the last quarter. Strengthening Families & Communities LLC raised its stake in shares of Prologis by 14.3% in the 4th quarter. Strengthening Families & Communities LLC now owns 19,650 shares of the real estate investment trust’s stock valued at $2,077,000 after buying an additional 2,456 shares in the last quarter. Finally, Compound Global Advisors LLC acquired a new position in shares of Prologis in the 4th quarter valued at $497,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity

In other news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total value of $1,305,783.78. Following the transaction, the executive now owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PLD. Scotiabank dropped their price objective on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Monday, January 27th. Robert W. Baird increased their target price on shares of Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. JPMorgan Chase & Co. dropped their target price on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Finally, Raymond James reiterated a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $128.78.

Prologis Stock Down 0.0 %

Shares of NYSE PLD opened at $120.84 on Friday. The firm has a market capitalization of $111.92 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 2.64 and a beta of 1.10. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $135.76. The firm’s 50-day moving average is $111.53 and its 200-day moving average is $118.17.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 96.00%.

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.