Savvy Advisors Inc. Purchases 4,073 Shares of Prologis, Inc. (NYSE:PLD)

Savvy Advisors Inc. raised its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 22.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,477 shares of the real estate investment trust's stock after acquiring an additional 4,073 shares during the period. Savvy Advisors Inc.'s holdings in Prologis were worth $2,376,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Prologis by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 21,372,231 shares of the real estate investment trust's stock valued at $2,252,853,000 after acquiring an additional 610,251 shares in the last quarter. FMR LLC increased its holdings in Prologis by 11.7% during the 4th quarter. FMR LLC now owns 17,878,397 shares of the real estate investment trust's stock valued at $1,889,747,000 after purchasing an additional 1,875,978 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Prologis by 2.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust's stock worth $1,754,282,000 after purchasing an additional 334,907 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Prologis by 0.4% during the fourth quarter. Invesco Ltd. now owns 11,577,456 shares of the real estate investment trust's stock worth $1,223,737,000 after purchasing an additional 44,702 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased 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 buying an additional 173,531 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Insider Buying and Selling

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the business's stock in a transaction dated 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 transaction, the executive now directly 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 Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by insiders.

Prologis Stock Up 1.6 %

Shares of NYSE PLD traded up $1.60 during mid-day trading on Friday, reaching $101.89. 6,213,117 shares of the company's stock traded hands, compared to its average volume of 4,154,825. 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 1-year low of $85.35 and a 1-year high of $132.57. The stock has a market cap of $94.45 billion, a P/E ratio of 25.47, a PEG ratio of 2.70 and a beta of 1.20. The business has a 50-day simple moving average of $111.84 and a 200 day simple moving average of $113.42.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.04. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. On average, analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Tuesday, March 18th. This is an increase from Prologis's previous quarterly dividend of $0.96. Prologis's dividend payout ratio is 101.00%.

Analyst Upgrades and Downgrades

PLD has been the topic of several recent research reports. Mizuho decreased their price target on Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Morgan Stanley dropped their price target on shares of Prologis to $120.00 and set an "outperform" rating for the company in a research note on Monday. Evercore ISI lowered their target price on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a report on Thursday. Scotiabank restated a "sector underperform" rating and issued a $97.00 price target (down from $133.00) on shares of Prologis in a research report on Monday, April 7th. Finally, Baird R W raised Prologis from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $123.32.

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.