Master S Wealth Management Inc. Buys New Position in Prologis, Inc. (NYSE:PLD)

Master S Wealth Management Inc. purchased a new position in shares of Prologis, Inc. (NYSE:PLD) during the fourth quarter, Holdings Channel.com reports. The fund purchased 4,194 shares of the real estate investment trust’s stock, valued at approximately $443,000. Prologis accounts for 0.2% of Master S Wealth Management Inc.’s investment portfolio, making the stock its 20th biggest holding.

Several other hedge funds have also made changes to their positions in the business. NFJ Investment Group LLC increased its stake in Prologis by 6.9% during the 4th quarter. NFJ Investment Group LLC now owns 143,848 shares of the real estate investment trust’s stock worth $15,205,000 after buying an additional 9,276 shares during the period. Acorns Advisers LLC acquired a new position in shares of Prologis in the fourth quarter worth $210,000. Bridgewater Associates LP increased its position in shares of Prologis by 185.6% during the fourth quarter. Bridgewater Associates LP now owns 7,642 shares of the real estate investment trust’s stock worth $808,000 after acquiring an additional 4,966 shares during the period. Canada Post Corp Registered Pension Plan purchased a new position in Prologis in the fourth quarter valued at $1,296,000. Finally, CreativeOne Wealth LLC grew its stake in Prologis by 1.7% during the 4th quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Up 0.1 %

Prologis stock opened at $98.42 on Wednesday. The stock has a market capitalization of $91.23 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 2.70 and a beta of 1.20. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $112.53 and a two-hundred day moving average of $113.68. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 4.10%. This is a positive change from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Tuesday, March 18th. Prologis’s dividend payout ratio (DPR) is 101.00%.

Insider Buying and Selling at Prologis

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 stock was sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the transaction, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of 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 report on Thursday, January 30th. Royal Bank of Canada raised their target price on shares of Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a report on Monday, January 27th. Truist Financial increased their price objective on shares of Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Raymond James reaffirmed a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. Finally, Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Two 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 assigned a strong buy rating to the company. According to MarketBeat, Prologis currently has an average rating of “Moderate Buy” and an average price target of $126.78.

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.