Dorsey & Whitney Trust CO LLC Sells 1,326 Shares of Prologis, Inc. (NYSE:PLD)

Dorsey & Whitney Trust CO LLC decreased its stake in shares of Prologis, Inc. (NYSE:PLD) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,827 shares of the real estate investment trust’s stock after selling 1,326 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Prologis were worth $1,356,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Centricity Wealth Management LLC acquired a new position in shares of Prologis during the 4th quarter worth approximately $30,000. Dunhill Financial LLC increased 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 worth $33,000 after purchasing an additional 182 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Prologis during the 4th quarter worth approximately $34,000. Promus Capital LLC acquired a new position in shares of Prologis during the 4th quarter worth approximately $34,000. Finally, Coastline Trust Co bought a new stake in Prologis in the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 0.3 %

Shares of NYSE PLD opened at $119.89 on Friday. 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, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76. The stock has a market capitalization of $111.12 billion, a P/E ratio of 29.97, a PEG ratio of 2.70 and a beta of 1.09. The stock’s fifty day moving average is $115.96 and its 200 day moving average is $117.97.

Prologis Increases Dividend

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

Insider Buying and Selling

In related news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction 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 transaction, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

PLD has been the topic of a number of research analyst reports. Robert W. Baird increased their price target on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Wolfe Research dropped their price target on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Raymond James restated a “market perform” rating on shares of Prologis in a research note on Monday, February 3rd. Truist Financial increased their price target on Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Mizuho dropped their price target on Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $128.78.

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.