Prologis, Inc. (NYSE:PLD) Stock Position Decreased by Roger Wittlin Investment Advisory LLC

Roger Wittlin Investment Advisory LLC lessened its position in Prologis, Inc. (NYSE:PLD - Free Report) by 28.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,956 shares of the real estate investment trust's stock after selling 2,399 shares during the period. Roger Wittlin Investment Advisory LLC's holdings in Prologis were worth $630,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Principle Wealth Partners LLC boosted its stake in shares of Prologis by 2.9% during the 4th quarter. Principle Wealth Partners LLC now owns 3,302 shares of the real estate investment trust's stock worth $349,000 after acquiring an additional 92 shares in the last quarter. Black Diamond Financial LLC boosted its position in Prologis by 2.2% during the fourth quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust's stock worth $449,000 after purchasing an additional 93 shares in the last quarter. Berkshire Bank grew its holdings in Prologis by 2.3% in the fourth quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust's stock valued at $443,000 after purchasing an additional 95 shares during the last quarter. J.Safra Asset Management Corp increased its position in shares of Prologis by 22.3% in the fourth quarter. J.Safra Asset Management Corp now owns 559 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 102 shares in the last quarter. Finally, West Wealth Group LLC raised its stake in shares of Prologis by 1.7% during the 4th quarter. West Wealth Group LLC now owns 6,206 shares of the real estate investment trust's stock worth $656,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Insider Activity

In other news, CIO Joseph Ghazal sold 10,997 shares of Prologis 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 transaction, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company's stock.

Prologis Price Performance

Shares of NYSE:PLD traded up $0.25 during trading hours on Tuesday, hitting $94.77. 2,283,706 shares of the company's stock traded hands, compared to its average volume of 3,999,089. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The company's fifty day simple moving average is $116.32 and its two-hundred day simple moving average is $115.22. Prologis, Inc. has a 52 week low of $91.67 and a 52 week high of $132.57. The company has a market cap of $87.85 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 2.70 and a beta of 1.20.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $4.04 annualized dividend and a dividend yield of 4.26%. This is a boost from Prologis's previous quarterly dividend of $0.96. Prologis's dividend payout ratio is currently 101.00%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PLD. UBS Group lifted their price objective on Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. BTIG Research decreased their price objective on Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Robert W. Baird upped their price objective on shares of Prologis from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Truist Financial lifted their target price on shares of Prologis from $121.00 to $123.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, BNP Paribas raised Prologis to a "strong-buy" rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Prologis currently has a consensus rating of "Moderate Buy" and an average price target of $126.78.

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.