Prologis, Inc. (NYSE:PLD) Holdings Decreased by Choreo LLC

Choreo LLC trimmed its position in Prologis, Inc. (NYSE:PLD) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,019 shares of the real estate investment trust’s stock after selling 4,369 shares during the quarter. Choreo LLC’s holdings in Prologis were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Money Concepts Capital Corp grew its stake in Prologis by 3.7% during the 4th quarter. Money Concepts Capital Corp now owns 6,611 shares of the real estate investment trust’s stock worth $699,000 after buying an additional 233 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Prologis by 6.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,046 shares of the real estate investment trust’s stock worth $12,628,000 after purchasing an additional 7,061 shares in the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of Prologis by 39.0% in the fourth quarter. Stratos Wealth Advisors LLC now owns 6,436 shares of the real estate investment trust’s stock worth $680,000 after purchasing an additional 1,805 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Prologis by 3.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 15,940 shares of the real estate investment trust’s stock worth $1,685,000 after purchasing an additional 605 shares in the last quarter. Finally, Guidance Capital Inc. grew its stake in shares of Prologis by 12.4% in the fourth quarter. Guidance Capital Inc. now owns 5,637 shares of the real estate investment trust’s stock worth $596,000 after purchasing an additional 624 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PLD shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $132.00 price target (down previously from $142.00) on shares of Prologis in a research note on Monday, October 21st. JPMorgan Chase & Co. decreased their price target on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Scotiabank decreased their price target on Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Monday, January 27th. BNP Paribas raised Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, Mizuho cut their price objective on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

Prologis Trading Down 1.0 %

Shares of NYSE PLD opened at $117.39 on Friday. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76. The company has a market cap of $108.72 billion, a price-to-earnings ratio of 29.35, a P/E/G ratio of 2.66 and a beta of 1.10. The company has a quick ratio of 0.43, a current ratio of 0.23 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $111.10 and a 200-day simple moving average of $118.30.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio is currently 96.00%.

Insider Buying and Selling

In related news, CIO Joseph Ghazal sold 10,997 shares of the stock in a transaction dated 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 completion of the sale, the executive now directly owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. This represents a 57.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

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.