Annis Gardner Whiting Capital Advisors LLC Has $198,000 Stake in Prologis, Inc. (NYSE:PLD)

Annis Gardner Whiting Capital Advisors LLC raised its holdings in Prologis, Inc. (NYSE:PLD) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,871 shares of the real estate investment trust’s stock after purchasing an additional 113 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Prologis were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PLD. Murphy & Mullick Capital Management Corp acquired a new stake in Prologis during the fourth quarter worth approximately $26,000. Dunhill Financial LLC lifted its position in shares of Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 182 shares during the period. Crowley Wealth Management Inc. bought a new stake in shares of Prologis during the 4th quarter valued at $27,000. Centricity Wealth Management LLC acquired a new stake in shares of Prologis during the 4th quarter worth $30,000. Finally, Promus Capital LLC bought a new position in shares of Prologis in the fourth quarter worth $34,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

Prologis stock opened at $98.10 on Friday. Prologis, Inc. has a 52 week low of $95.34 and a 52 week high of $132.57. The company’s 50 day moving average price is $116.86 and its two-hundred day moving average price is $115.64. The stock has a market cap of $90.94 billion, a P/E ratio of 24.53, a P/E/G ratio of 2.70 and a beta of 1.20. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were given a $1.01 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $4.04 annualized dividend and a yield of 4.12%. This is a boost from Prologis’s previous quarterly dividend of $0.96. Prologis’s payout ratio is currently 101.00%.

Analyst Upgrades and Downgrades

PLD has been the subject of several recent analyst reports. Raymond James restated a “market perform” rating on shares of Prologis in a research note on Monday, February 3rd. Mizuho reduced their price target on Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Wolfe Research reduced their target price on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Truist Financial raised their price target on shares of Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average price target of $128.78.

Insider Buying and Selling at Prologis

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total value of $1,305,783.78. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.