Prologis, Inc. (NYSE:PLD) Stake Lessened by Personal CFO Solutions LLC

Personal CFO Solutions LLC trimmed its position in shares of Prologis, Inc. (NYSE:PLD) by 24.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,808 shares of the real estate investment trust’s stock after selling 917 shares during the period. Personal CFO Solutions LLC’s holdings in Prologis were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PLD. Assetmark Inc. raised its holdings in shares of Prologis by 77.1% during the third quarter. Assetmark Inc. now owns 53,165 shares of the real estate investment trust’s stock worth $6,714,000 after acquiring an additional 23,140 shares in the last quarter. Atria Investments Inc raised its holdings in shares of Prologis by 16.1% during the third quarter. Atria Investments Inc now owns 104,702 shares of the real estate investment trust’s stock worth $13,222,000 after acquiring an additional 14,558 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in Prologis by 104.1% during the third quarter. Mesirow Financial Investment Management Inc. now owns 8,298 shares of the real estate investment trust’s stock valued at $1,048,000 after buying an additional 4,233 shares in the last quarter. Sigma Planning Corp raised its holdings in Prologis by 5.0% during the third quarter. Sigma Planning Corp now owns 7,809 shares of the real estate investment trust’s stock valued at $986,000 after buying an additional 372 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC raised its holdings in Prologis by 101.2% during the third quarter. Legacy Capital Wealth Partners LLC now owns 5,724 shares of the real estate investment trust’s stock valued at $723,000 after buying an additional 2,879 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on PLD. Scotiabank cut their target price on Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Monday, January 27th. Raymond James reaffirmed a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. Barclays raised their price target on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. UBS Group raised 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. Finally, Mizuho lowered their price target on Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.78.

Prologis Stock Performance

PLD stock opened at $117.97 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The company has a 50 day moving average price of $116.22 and a 200 day moving average price of $117.87. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The stock has a market capitalization of $109.34 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Prologis’s previous quarterly dividend of $0.96. Prologis’s payout ratio is currently 101.00%.

Insiders Place Their Bets

In other Prologis 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

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.