Natural Investments LLC Acquires Shares of 17,217 Prologis, Inc. (NYSE:PLD)

Natural Investments LLC acquired a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,217 shares of the real estate investment trust's stock, valued at approximately $1,819,000.

A number of other hedge funds have also recently bought and sold shares of the business. 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. Centricity Wealth Management LLC acquired a new position in shares of Prologis in the 4th quarter worth approximately $30,000. Promus Capital LLC acquired a new position in shares of Prologis in the 4th quarter worth approximately $34,000. Whipplewood Advisors LLC acquired a new position in shares of Prologis in the 4th quarter worth approximately $34,000. Finally, Coastline Trust Co acquired a new position in shares of Prologis in the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on PLD. Barclays lifted their target price on Prologis from $131.00 to $132.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. BNP Paribas upgraded Prologis to a "strong-buy" rating in a research report on Wednesday, January 22nd. Raymond James restated a "market perform" rating on shares of Prologis in a research report on Monday, February 3rd. UBS Group boosted their price objective on Prologis from $121.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Finally, BTIG Research reduced their price objective on Prologis from $154.00 to $134.00 and set a "buy" rating for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.78.

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Prologis Stock Down 1.6 %

PLD opened at $117.97 on Tuesday. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The stock's fifty day moving average is $116.22 and its 200-day moving average is $117.87. The company has a market capitalization of $109.34 billion, a PE ratio of 29.49, a P/E/G ratio of 2.70 and a beta of 1.09.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $1.01 per share. The ex-dividend date is Tuesday, March 18th. This is a positive change from Prologis's previous quarterly dividend of $0.96. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.42%. Prologis's payout ratio is 101.00%.

Insider Transactions at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the sale, the executive now directly owns 7,977 shares of the company's stock, valued at $947,188.98. The trade was a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is 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.

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