Kintegral Advisory LLC Decreases Stock Holdings in Prologis, Inc. (NYSE:PLD)

Kintegral Advisory LLC reduced its stake in shares of Prologis, Inc. (NYSE:PLD) by 4.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,462 shares of the real estate investment trust’s stock after selling 907 shares during the quarter. Kintegral Advisory LLC’s holdings in Prologis were worth $2,057,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Dunhill Financial LLC lifted its holdings in shares of Prologis by 239.5% in the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 182 shares in the last quarter. Centricity Wealth Management LLC acquired a new position in shares of Prologis during the 4th quarter worth approximately $30,000. Hara Capital LLC purchased a new stake in Prologis in the 3rd quarter valued at approximately $48,000. Coastline Trust Co acquired a new stake in Prologis during the 3rd quarter valued at $52,000. Finally, Fortitude Family Office LLC increased its position in Prologis by 120.6% during the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 240 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Performance

Prologis stock opened at $121.01 on Friday. The company has a market cap of $112.16 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 2.70 and a beta of 1.10. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76. 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 stock’s 50-day moving average is $112.56 and its 200-day moving average is $118.01.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a $1.01 dividend. This is a positive change from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $4.04 annualized dividend and a yield of 3.34%. Prologis’s dividend payout ratio (DPR) is presently 96.00%.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the stock in a transaction on 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 completion of the sale, the executive now owns 7,977 shares of the company’s stock, valued at $947,188.98. This represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PLD shares. Scotiabank reduced their price objective on Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Monday, January 27th. Raymond James restated a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. BTIG Research decreased their price target on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Barclays boosted their price objective on shares of Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, UBS Group raised their target price on shares of Prologis from $121.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s 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 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.