Headlands Technologies LLC Purchases 3,580 Shares of Prologis, Inc. (NYSE:PLD)

Headlands Technologies LLC grew its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 283.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,845 shares of the real estate investment trust's stock after buying an additional 3,580 shares during the period. Headlands Technologies LLC's holdings in Prologis were worth $512,000 as of its most recent filing with the SEC.

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

Prologis Price Performance

Shares of PLD stock traded down $3.81 during trading hours on Monday, reaching $94.42. The stock had a trading volume of 12,716,319 shares, compared to its average volume of 4,005,727. The stock's fifty day simple moving average is $116.86 and its 200 day simple moving average is $115.46. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a 12 month low of $91.77 and a 12 month high of $132.57. The firm has a market capitalization of $87.52 billion, a PE ratio of 23.60, a PEG ratio of 2.70 and a beta of 1.20.

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Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 4.28%. 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 101.00%.

Insider Activity at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of the company'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 transaction, the executive now directly owns 7,977 shares in the company, valued at approximately $947,188.98. This 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 the SEC website. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PLD. UBS Group raised their price objective on Prologis from $121.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Baird R W upgraded shares of Prologis from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. BTIG Research dropped their target price on shares of Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada upped their target price on Prologis from $125.00 to $128.00 and gave the company a "sector perform" rating in a report on Monday, January 27th. Finally, BNP Paribas raised Prologis to a "strong-buy" rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $126.78.

About Prologis

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.