Prologis, Inc. (NYSE:PLD) Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 20.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,348 shares of the real estate investment trust's stock after selling 6,419 shares during the period. Blair William & Co. IL's holdings in Prologis were worth $2,679,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PLD. Murphy & Mullick Capital Management Corp acquired a new position in shares of Prologis in the 4th quarter valued at $26,000. Crowley Wealth Management Inc. purchased a new stake in Prologis during the 4th quarter valued at approximately $27,000. Centricity Wealth Management LLC acquired a new stake in Prologis during the 4th quarter worth approximately $30,000. Dunhill Financial LLC raised its stake in shares of Prologis by 239.5% during the third 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. Finally, Whipplewood Advisors LLC acquired a new position in Prologis in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Up 1.0 %

PLD stock traded up $1.07 during trading on Wednesday, reaching $112.52. The stock had a trading volume of 3,229,670 shares, compared to its average volume of 3,926,167. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $132.57. The company has a market capitalization of $104.29 billion, a P/E ratio of 28.13, a PEG ratio of 2.70 and a beta of 1.09. 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 $117.67 and a 200 day moving average price of $115.98.

Remove Ads

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Tuesday, March 18th. This is a positive change from Prologis's previous quarterly dividend of $0.96. Prologis's payout ratio is 101.00%.

Insider Buying and Selling

In related news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction dated 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 transaction, the executive now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company's stock.

Analyst Ratings Changes

PLD has been the topic of several analyst reports. Scotiabank lowered their target price on shares of Prologis from $134.00 to $133.00 and set a "sector outperform" rating on the stock in a report on Monday, January 27th. BNP Paribas upgraded Prologis to a "strong-buy" rating in a research report on Wednesday, January 22nd. UBS Group upped their price objective on Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Royal Bank of Canada upped their price target on Prologis from $125.00 to $128.00 and gave the stock a "sector perform" rating in a report on Monday, January 27th. Finally, Raymond James restated a "market perform" rating on shares of Prologis in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $128.78.

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.