Seeds Investor LLC Sells 144 Shares of Prologis, Inc. (NYSE:PLD)

Seeds Investor LLC reduced its position in Prologis, Inc. (NYSE:PLD) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,484 shares of the real estate investment trust’s stock after selling 144 shares during the period. Seeds Investor LLC’s holdings in Prologis were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of PLD. Murphy & Mullick Capital Management Corp purchased a new position in Prologis in the fourth quarter worth about $26,000. Crowley Wealth Management Inc. bought a new position in shares of Prologis in the 4th quarter worth approximately $27,000. Centricity Wealth Management LLC purchased a new position in shares of Prologis in the fourth quarter worth approximately $30,000. Whipplewood Advisors LLC bought a new stake in Prologis during the fourth quarter valued at approximately $34,000. Finally, Promus Capital LLC purchased a new stake in Prologis during the fourth quarter valued at approximately $34,000. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the subject of a number of recent research reports. Raymond James reissued a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. Robert W. Baird boosted their price target on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. BNP Paribas raised Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. Royal Bank of Canada lifted their price objective on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research report on Monday, January 27th. Finally, Truist Financial increased their target price on shares of Prologis from $121.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.78.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total value of $1,305,783.78. Following the completion of the sale, the executive now directly owns 7,977 shares of the company’s stock, valued at $947,188.98. This trade represents a 57.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by company insiders.

Prologis Stock Performance

NYSE:PLD opened at $96.14 on Monday. The company has a market cap of $89.12 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.70 and a beta of 1.20. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57. The stock’s 50 day simple moving average is $113.34 and its two-hundred day simple moving average is $113.98. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were 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 was Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a yield of 4.20%. Prologis’s dividend payout ratio is presently 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.