TCTC Holdings LLC reduced its position in Prologis, Inc. (NYSE:PLD – Free Report) by 3.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,149 shares of the real estate investment trust’s stock after selling 496 shares during the quarter. TCTC Holdings LLC’s holdings in Prologis were worth $1,284,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Dunhill Financial LLC increased its stake in Prologis by 239.5% in the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 182 shares during the period. Centricity Wealth Management LLC acquired a new position in shares of Prologis during the 4th quarter worth $30,000. Promus Capital LLC acquired a new position in shares of Prologis during the 4th quarter worth $34,000. Whipplewood Advisors LLC acquired a new position in shares of Prologis during the 4th quarter worth $34,000. Finally, Coastline Trust Co acquired a new position in shares of Prologis during the 3rd quarter worth $52,000. 93.50% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by insiders.
Analyst Ratings Changes
Get Our Latest Stock Report on PLD
Prologis Trading Up 1.5 %
NYSE PLD opened at $111.98 on Monday. The stock has a market cap of $103.79 billion, a P/E ratio of 28.00, a PEG ratio of 2.70 and a beta of 1.09. The company’s fifty day simple moving average is $116.89 and its 200-day simple moving average is $117.46. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $132.57.
Prologis Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a dividend of $1.01 per share. This is an increase from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, March 18th. This represents a $4.04 annualized dividend and a yield of 3.61%. Prologis’s payout ratio is 101.00%.
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.
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