O Shaughnessy Asset Management LLC Sells 7,370 Shares of Prologis, Inc. (NYSE:PLD)

O Shaughnessy Asset Management LLC lessened its position in Prologis, Inc. (NYSE:PLD - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,106 shares of the real estate investment trust's stock after selling 7,370 shares during the period. O Shaughnessy Asset Management LLC's holdings in Prologis were worth $7,516,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PLD. Murphy & Mullick Capital Management Corp bought a new stake in Prologis in the 4th quarter valued at $26,000. Crowley Wealth Management Inc. acquired a new position in shares of Prologis in the fourth quarter valued at $27,000. Centricity Wealth Management LLC acquired a new position in shares of Prologis in the fourth quarter valued at $30,000. Dunhill Financial LLC raised its position in shares of Prologis by 239.5% in the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 182 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Prologis during the 4th quarter worth about $34,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on PLD shares. Royal Bank of Canada upped their price target on shares of Prologis from $125.00 to $128.00 and gave the company a "sector perform" rating in a research note on Monday, January 27th. Baird R W raised Prologis from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Truist Financial lifted their price target on Prologis from $121.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Robert W. Baird boosted their price target on Prologis from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Finally, BTIG Research lowered their price objective on Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. One equities 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Prologis has a consensus rating of "Moderate Buy" and an average target price of $128.78.

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Prologis Price Performance

Shares of Prologis stock traded down $3.49 on Friday, reaching $98.10. 12,661,108 shares of the stock were exchanged, compared to its average volume of 3,970,889. The firm's 50 day moving average is $116.86 and its 200-day moving average is $115.46. The firm has a market cap of $90.94 billion, a PE ratio of 24.53, a P/E/G ratio of 2.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. Prologis, Inc. has a one year low of $95.34 and a one year high of $132.57.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Tuesday, March 18th. This is an increase from Prologis's previous quarterly dividend of $0.96. Prologis's dividend payout ratio (DPR) is currently 101.00%.

Insider Activity

In related news, CIO Joseph Ghazal sold 10,997 shares of the firm's 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 sale, the executive now directly owns 7,977 shares of the company's stock, valued at $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company's stock.

Prologis 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.