Prologis, Inc. (NYSE:PLD) Shares Sold by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC trimmed its holdings in Prologis, Inc. (NYSE:PLD) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,280 shares of the real estate investment trust’s stock after selling 1,410 shares during the period. M. Kulyk & Associates LLC’s holdings in Prologis were worth $4,258,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Centricity Wealth Management LLC acquired a new position in shares of Prologis in the 4th quarter valued at approximately $30,000. Dunhill Financial LLC raised its position in shares of 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 purchasing an additional 182 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Prologis in the 4th quarter valued at approximately $34,000. Promus Capital LLC acquired a new stake in shares of Prologis during the 4th quarter valued at approximately $34,000. Finally, Coastline Trust Co acquired a new stake in shares of Prologis during the 3rd quarter valued at approximately $52,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was 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 $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. UBS Group upped their price target on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. BMO Capital Markets lowered Prologis from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $120.00 to $104.00 in a research report on Friday, December 6th. Scotiabank dropped their price target on Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Monday, January 27th. Finally, Royal Bank of Canada upped their price target on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research report on Monday, January 27th. One 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 company’s stock. According to MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

Prologis Trading Down 0.3 %

NYSE:PLD opened at $119.89 on Friday. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $135.76. The stock has a market cap of $111.12 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 2.70 and a beta of 1.09. The business has a fifty day moving average of $115.96 and a 200-day moving average of $117.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a $1.01 dividend. This is a boost from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $4.04 annualized dividend and a dividend yield of 3.37%. Prologis’s dividend payout ratio is presently 101.00%.

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.