Prologis, Inc. (NYSE:PLD) Shares Sold by TCTC Holdings LLC

TCTC Holdings LLC reduced its position in Prologis, Inc. (NYSE:PLD) 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

PLD has been the topic of a number of recent analyst reports. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Scotiabank lowered their price target on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Monday, January 27th. Mizuho lowered their price target on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. BTIG Research decreased their price objective on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, BNP Paribas upgraded shares of Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. One investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.78.

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.