Prologis, Inc. (NYSE:PLD) Shares Sold by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. cut its position in Prologis, Inc. (NYSE:PLD - Free Report) by 51.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,609 shares of the real estate investment trust's stock after selling 2,814 shares during the quarter. McGlone Suttner Wealth Management Inc.'s holdings in Prologis were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dunhill Financial LLC grew its stake 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 worth $33,000 after acquiring an additional 182 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 224 shares during the period. Hara Capital LLC acquired a new position in Prologis during the 3rd quarter worth $48,000. Coastline Trust Co purchased a new stake in Prologis during the 3rd quarter worth about $52,000. Finally, Fortitude Family Office LLC raised its position in Prologis by 120.6% in the 3rd quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

PLD stock traded up $0.36 during trading on Friday, hitting $118.90. The company had a trading volume of 4,165,829 shares, compared to its average volume of 4,862,321. The firm has a 50-day moving average price of $110.38 and a 200-day moving average price of $118.34. The company has a quick ratio of 0.43, a current ratio of 0.23 and a debt-to-equity ratio of 0.53. The firm has a market cap of $110.12 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $135.76.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Monday, December 16th. Prologis's dividend payout ratio (DPR) is presently 96.00%.

Analysts Set New Price Targets

PLD has been the subject of a number of analyst reports. Barclays boosted their price objective on Prologis from $131.00 to $132.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Mizuho dropped their price objective on shares of Prologis from $119.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on shares of Prologis from $138.00 to $131.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. Scotiabank dropped their target price on Prologis from $136.00 to $134.00 and set a "sector outperform" rating on the stock in a report on Wednesday, December 4th. Finally, Baird R W upgraded Prologis from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Prologis currently has an average rating of "Moderate Buy" and an average target price of $128.67.

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.