Segall Bryant & Hamill LLC Sells 8,832 Shares of Prologis, Inc. (NYSE:PLD)

Segall Bryant & Hamill LLC cut its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,519 shares of the real estate investment trust's stock after selling 8,832 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Prologis were worth $17,073,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PLD. State Street Corp raised 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 valued at $7,250,157,000 after acquiring an additional 767,609 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Prologis by 0.9% during the third quarter. Geode Capital Management LLC now owns 20,761,980 shares of the real estate investment trust's stock valued at $2,612,395,000 after purchasing an additional 194,472 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of 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 valued at $1,099,569,000 after purchasing an additional 173,531 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Prologis by 534.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust's stock worth $1,280,928,000 after purchasing an additional 8,545,336 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Prologis by 0.5% during the fourth quarter. Bank of New York Mellon Corp now owns 5,972,246 shares of the real estate investment trust's stock worth $631,266,000 after buying an additional 32,644 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

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Prologis Price Performance

Shares of PLD stock traded down $0.38 during trading hours on Friday, reaching $110.37. 3,660,201 shares of the company were exchanged, compared to its average volume of 3,915,027. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $132.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The stock's fifty day moving average is $117.74 and its two-hundred day moving average is $116.24. The company has a market cap of $102.29 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 2.70 and a beta of 1.09.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $1.01 per share. This is an increase from Prologis's previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, March 18th. This represents a $4.04 annualized dividend and a yield of 3.66%. Prologis's dividend payout ratio is currently 101.00%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PLD shares. BMO Capital Markets downgraded shares of Prologis from a "market perform" rating to an "underperform" rating and reduced their price objective for the stock from $120.00 to $104.00 in a report on Friday, December 6th. Baird R W raised Prologis from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Truist Financial increased their target price on Prologis from $121.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Mizuho decreased their price target on Prologis from $119.00 to $117.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, UBS Group increased their price objective on Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Prologis presently has a consensus rating of "Moderate Buy" and an average price target of $128.78.

Insider Buying and Selling 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 completion of the sale, the executive now owns 7,977 shares in the company, valued at $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 is available through this link. Corporate insiders own 0.50% of the company's stock.

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.