Edmond DE Rothschild Holding S.A. boosted its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 26.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,398 shares of the real estate investment trust's stock after purchasing an additional 3,478 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Prologis were worth $1,733,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Prologis during the fourth quarter worth about $26,000. Crowley Wealth Management Inc. acquired a new stake in Prologis during the fourth quarter valued at approximately $27,000. Centricity Wealth Management LLC bought a new position in Prologis during the 4th quarter worth approximately $30,000. Dunhill Financial LLC grew its position in shares of Prologis by 239.5% in the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 182 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of Prologis in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.50% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on PLD shares. Raymond James restated a "market perform" rating on shares of Prologis in a research note on Monday, February 3rd. Mizuho decreased their price target on shares of Prologis from $119.00 to $117.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. BNP Paribas upgraded shares of Prologis to a "strong-buy" rating in a research note on Wednesday, January 22nd. BTIG Research decreased their target price on Prologis from $154.00 to $134.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Finally, Wolfe Research dropped their price target on Prologis from $135.00 to $128.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Prologis has an average rating of "Moderate Buy" and an average target price of $128.78.
Get Our Latest Stock Analysis on PLD
Insider Transactions at Prologis
In related news, CIO Joseph Ghazal sold 10,997 shares of the business'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 directly owns 7,977 shares in the company, valued at $947,188.98. The trade was a 57.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company's stock.
Prologis Price Performance
Shares of NYSE PLD traded down $3.49 during mid-day trading on Friday, reaching $98.10. 12,661,108 shares of the company traded hands, compared to its average volume of 3,970,889. Prologis, Inc. has a fifty-two week low of $95.34 and a fifty-two week high of $132.57. The firm has a market cap 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. The stock has a fifty 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 current ratio of 0.75 and a quick ratio of 0.43.
Prologis Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, March 18th. This is a boost 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 (DPR) is 101.00%.
About Prologis
(
Free Report)
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.
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