Prologis, Inc. (NYSE:PLD) Stake Lifted by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 72.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,685 shares of the real estate investment trust's stock after buying an additional 9,105 shares during the period. Atria Wealth Solutions Inc.'s holdings in Prologis were worth $2,292,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PLD. AMF Tjanstepension AB grew its stake in Prologis by 267.9% during the third 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 period. Sequoia Financial Advisors LLC lifted its holdings in shares of Prologis by 37.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,330 shares of the real estate investment trust's stock valued at $1,810,000 after acquiring an additional 3,929 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in Prologis during the 3rd quarter worth $357,000. International Assets Investment Management LLC increased its holdings in Prologis by 9,354.5% in the 3rd quarter. International Assets Investment Management LLC now owns 434,908 shares of the real estate investment trust's stock valued at $54,920,000 after purchasing an additional 430,308 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Prologis by 14.5% in the third quarter. Assenagon Asset Management S.A. now owns 28,534 shares of the real estate investment trust's stock valued at $3,603,000 after purchasing an additional 3,614 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Performance

NYSE:PLD traded up $1.96 during midday trading on Tuesday, reaching $122.69. 3,732,688 shares of the company traded hands, compared to its average volume of 3,889,771. The firm has a market capitalization of $113.72 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 2.70 and a beta of 1.10. The company has a fifty day moving average price of $113.07 and a 200 day moving average price of $117.99. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76.

Prologis Increases Dividend

The company also recently disclosed 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 3.29%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Prologis's previous quarterly dividend of $0.96. Prologis's dividend payout ratio (DPR) is 101.00%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PLD. Robert W. Baird upped their target price on Prologis from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. BTIG Research lowered their price objective on shares of Prologis from $154.00 to $134.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Mizuho reduced their target price on shares of Prologis from $119.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Raymond James restated a "market perform" rating on shares of Prologis in a research note on Monday, February 3rd. Finally, BMO Capital Markets downgraded shares of Prologis from a "market perform" rating to an "underperform" rating and dropped their price target for the stock from $120.00 to $104.00 in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $128.78.

Insider Activity at Prologis

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the firm's stock in a transaction that occurred on 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 sale, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is currently owned by insiders.

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.