RFG Bristol Wealth Advisors LLC Purchases Shares of 4,316 Prologis, Inc. (NYSE:PLD)

RFG Bristol Wealth Advisors LLC bought a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,316 shares of the real estate investment trust's stock, valued at approximately $456,000.

A number of other institutional investors have also made changes to their positions in the business. Headlands Technologies LLC lifted its holdings in Prologis by 283.0% during the 4th quarter. Headlands Technologies LLC now owns 4,845 shares of the real estate investment trust's stock worth $512,000 after buying an additional 3,580 shares in the last quarter. Geode Capital Management LLC raised its position 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 worth $2,252,853,000 after acquiring an additional 610,251 shares during the last quarter. HighPoint Advisor Group LLC lifted its stake in shares of Prologis by 4.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 14,949 shares of the real estate investment trust's stock valued at $1,580,000 after acquiring an additional 612 shares during the period. Family Legacy Inc. boosted its holdings in Prologis by 5.7% in the fourth quarter. Family Legacy Inc. now owns 18,653 shares of the real estate investment trust's stock valued at $1,968,000 after acquiring an additional 1,001 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG increased its position in Prologis by 8.2% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 63,169 shares of the real estate investment trust's stock worth $6,676,000 after purchasing an additional 4,801 shares during the period. 93.50% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PLD shares. BNP Paribas upgraded shares of Prologis to a "strong-buy" rating in a research report on Wednesday, January 22nd. Truist Financial raised their price objective on shares of Prologis from $121.00 to $123.00 and gave the company a "buy" rating in a research note on Monday, January 27th. UBS Group lifted their target price on shares of Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Royal Bank of Canada raised their price target on Prologis from $125.00 to $128.00 and gave the stock a "sector perform" rating in a research report on Monday, January 27th. Finally, Robert W. Baird lifted their price objective on Prologis from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $128.78.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of Prologis 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 sale, the executive now directly owns 7,977 shares in the company, valued at $947,188.98. This trade 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 available at the SEC website. Company insiders own 0.50% of the company's stock.

Prologis Stock Down 3.4 %

PLD stock traded down $3.49 during trading hours on Friday, reaching $98.10. 12,661,108 shares of the stock were exchanged, compared to its average volume of 3,970,889. The firm's 50-day moving average is $116.86 and its 200-day moving average is $115.54. Prologis, Inc. has a 12 month low of $95.34 and a 12 month high of $132.57. The company has a market cap of $90.94 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 2.70 and a beta of 1.20. 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 Increases Dividend

The company also recently announced 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 yield of 4.12%. The ex-dividend date was Tuesday, March 18th. This is a positive change from Prologis's previous quarterly dividend of $0.96. Prologis's dividend payout ratio (DPR) is currently 101.00%.

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.