4,511 Shares in Prologis, Inc. (NYSE:PLD) Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC acquired a new stake in Prologis, Inc. (NYSE:PLD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,511 shares of the real estate investment trust's stock, valued at approximately $477,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLD. State Street Corp lifted its holdings in Prologis by 1.4% in the 3rd quarter. State Street Corp now owns 57,413,342 shares of the real estate investment trust's stock worth $7,250,157,000 after buying an additional 767,609 shares during the period. Geode Capital Management LLC raised its holdings in shares of Prologis by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 21,372,231 shares of the real estate investment trust's stock valued at $2,252,853,000 after acquiring an additional 610,251 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Prologis by 2.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust's stock worth $1,754,282,000 after acquiring an additional 334,907 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Prologis by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,402,731 shares of the real estate investment trust's stock worth $1,099,569,000 after acquiring an additional 173,531 shares during the period. Finally, Norges Bank bought a new stake in Prologis in the fourth quarter valued at $951,263,000. 93.50% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

PLD has been the subject of a number of research reports. Raymond James reiterated a "market perform" rating on shares of Prologis in a report on Monday, February 3rd. Robert W. Baird lifted their price target on shares of Prologis from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. BTIG Research cut their price objective on shares of Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a report on Friday, January 17th. UBS Group lifted their target price on shares of Prologis from $121.00 to $137.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Finally, Baird R W upgraded Prologis from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Prologis has an average rating of "Moderate Buy" and an average price target of $126.78.

Insider Transactions at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the transaction, the executive now directly owns 7,977 shares in the company, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company's stock.

Prologis Stock Performance

Shares of NYSE PLD traded down $3.81 during mid-day trading on Monday, hitting $94.42. The stock had a trading volume of 12,716,319 shares, compared to its average volume of 4,005,727. The firm has a market cap of $87.52 billion, a PE ratio of 23.60, a PEG 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. The company has a 50 day moving average of $116.86 and a two-hundred day moving average of $115.46. Prologis, Inc. has a twelve month low of $91.77 and a twelve month high of $132.57.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a $1.01 dividend. This is a positive change from Prologis's previous quarterly dividend of $0.96. The ex-dividend date was Tuesday, March 18th. This represents a $4.04 annualized dividend and a dividend yield of 4.28%. Prologis's dividend payout ratio (DPR) is 101.00%.

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.