SRS Capital Advisors Inc. Purchases 839 Shares of Prologis, Inc. (NYSE:PLD)

SRS Capital Advisors Inc. lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 38.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,034 shares of the real estate investment trust’s stock after purchasing an additional 839 shares during the period. SRS Capital Advisors Inc.’s holdings in Prologis were worth $321,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Centricity Wealth Management LLC bought a new position in shares of Prologis during the fourth quarter valued at about $30,000. Dunhill Financial LLC lifted its position in shares of Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 182 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Prologis during the fourth quarter valued at about $34,000. Hara Capital LLC bought a new stake in Prologis in the third quarter worth about $48,000. Finally, Coastline Trust Co bought a new stake in Prologis in the third quarter worth about $52,000. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

Shares of NYSE:PLD opened at $121.97 on Wednesday. The company has a 50 day moving average of $115.01 and a 200 day moving average of $117.99. The stock has a market cap of $113.05 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.70 and a beta of 1.10. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76. 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 Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $4.04 annualized dividend and a yield of 3.31%. This is a boost from Prologis’s previous quarterly dividend of $0.96. Prologis’s payout ratio is currently 101.00%.

Insider Activity at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive now owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PLD has been the topic of several research reports. Raymond James reaffirmed a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. Barclays lifted their price objective on shares of Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Truist Financial lifted their price objective on shares of Prologis from $121.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Robert W. Baird lifted their price objective on shares of Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada lifted their price objective on shares of Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus 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.