Prologis, Inc. (NYSE:PLD) Shares Sold by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lowered its position in Prologis, Inc. (NYSE:PLD) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,238 shares of the real estate investment trust’s stock after selling 1,919 shares during the period. Meeder Advisory Services Inc.’s holdings in Prologis were worth $1,505,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Principle Wealth Partners LLC boosted its position in Prologis by 2.9% during the fourth quarter. Principle Wealth Partners LLC now owns 3,302 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 92 shares in the last quarter. Black Diamond Financial LLC grew its stake 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 valued at $449,000 after acquiring an additional 93 shares during the period. Berkshire Bank increased its holdings 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 acquiring an additional 95 shares in the last quarter. J.Safra Asset Management Corp raised its position in Prologis by 22.3% during the fourth quarter. J.Safra Asset Management Corp now owns 559 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 102 shares during the period. Finally, West Wealth Group LLC lifted its holdings in Prologis by 1.7% during the fourth quarter. West Wealth Group LLC now owns 6,206 shares of the real estate investment trust’s stock valued at $656,000 after purchasing an additional 103 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Prologis

In other Prologis 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 sale, the executive now owns 7,977 shares of the company’s stock, valued at $947,188.98. The trade was a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by insiders.

Prologis Price Performance

PLD stock opened at $112.52 on Thursday. Prologis, Inc. has a 52-week low of $100.82 and a 52-week high of $132.57. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. The stock has a market cap of $104.29 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09. The business has a fifty day moving average of $117.61 and a two-hundred day moving average of $115.95.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.59%. This is an increase from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date was Tuesday, March 18th. Prologis’s dividend payout ratio (DPR) is presently 101.00%.

Analysts Set New Price Targets

PLD has been the subject of several research analyst reports. Raymond James restated a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. BTIG Research decreased their target price on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. UBS Group boosted their price target on Prologis from $121.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Wolfe Research decreased their price objective on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $120.00 to $104.00 in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.