Tiemann Investment Advisors LLC Has $394,000 Stock Holdings in Prologis, Inc. (NYSE:PLD)

Tiemann Investment Advisors LLC trimmed its stake in Prologis, Inc. (NYSE:PLD) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,731 shares of the real estate investment trust’s stock after selling 137 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in Prologis were worth $394,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. increased its stake in shares of Prologis by 1.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,860,935 shares of the real estate investment trust’s stock worth $619,501,000 after purchasing an additional 85,575 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Prologis by 29.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 784,360 shares of the real estate investment trust’s stock worth $82,907,000 after buying an additional 179,880 shares in the last quarter. Simplicity Wealth LLC boosted its position in shares of Prologis by 7.0% in the fourth quarter. Simplicity Wealth LLC now owns 1,995 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 131 shares during the period. Enterprise Financial Services Corp acquired a new position in shares of Prologis in the fourth quarter valued at about $219,000. Finally, Sowell Financial Services LLC bought a new position in Prologis during the fourth quarter worth about $1,213,000. 93.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on PLD. Mizuho decreased their target price on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Wolfe Research dropped their price objective on Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Robert W. Baird increased their target price on Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. BNP Paribas upgraded Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Prologis presently 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 Monday. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The business’s fifty day moving average is $115.96 and its 200 day moving average is $117.93. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. The company has a market cap of $111.12 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09.

Prologis Increases Dividend

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

Insider Activity

In other Prologis 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 sale, the executive now directly 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 legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by insiders.

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.