Prudent Man Advisors LLC Decreases Stock Holdings in Prologis, Inc. (NYSE:PLD)

Prudent Man Advisors LLC lessened its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,393 shares of the real estate investment trust's stock after selling 2,281 shares during the quarter. Prologis accounts for approximately 0.7% of Prudent Man Advisors LLC's holdings, making the stock its 22nd biggest position. Prudent Man Advisors LLC's holdings in Prologis were worth $1,944,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. ASB Consultores LLC raised its position in shares of Prologis by 3.7% in the 3rd quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust's stock worth $306,000 after purchasing an additional 86 shares during the last quarter. Principle Wealth Partners LLC raised its position in Prologis by 2.9% in the 4th quarter. Principle Wealth Partners LLC now owns 3,302 shares of the real estate investment trust's stock worth $349,000 after buying an additional 92 shares during the last quarter. Black Diamond Financial LLC raised its position in Prologis by 2.2% in the 4th quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust's stock worth $449,000 after buying an additional 93 shares during the last quarter. Carmel Capital Partners LLC raised its position in Prologis by 2.6% in the 3rd quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust's stock worth $473,000 after buying an additional 94 shares during the last quarter. Finally, Berkshire Bank raised its position in Prologis by 2.3% in the 4th quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust's stock worth $443,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

Shares of NYSE:PLD traded up $1.11 during mid-day trading on Friday, reaching $123.88. 5,562,229 shares of the company traded hands, compared to its average volume of 3,851,597. The company's 50 day moving average price is $114.28 and its 200-day moving average price is $118.01. The firm has a market cap of $114.82 billion, a PE ratio of 30.97, a PEG ratio of 2.70 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a dividend of $1.01 per share. The ex-dividend date is Tuesday, March 18th. This is an increase from Prologis's previous quarterly dividend of $0.96. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.26%. Prologis's payout ratio is 101.00%.

Insider Activity at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of the business's stock in a transaction that occurred on 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 transaction, the executive now directly owns 7,977 shares of the company's stock, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PLD. Raymond James reissued a "market perform" rating on shares of Prologis in a research report on Monday, February 3rd. BNP Paribas raised Prologis to a "strong-buy" rating in a research report on Wednesday, January 22nd. BMO Capital Markets lowered Prologis from a "market perform" rating to an "underperform" rating and decreased their target price for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. BTIG Research decreased their target price on Prologis from $154.00 to $134.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Finally, UBS Group boosted their target price on Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Prologis presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.78.

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.