Prologis, Inc. (NYSE:PLD) Shares Bought by Provident Co of the Employees of the Hebrew University LTD

Provident Co of the Employees of the Hebrew University LTD lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,332 shares of the real estate investment trust’s stock after purchasing an additional 262 shares during the period. Prologis comprises approximately 1.5% of Provident Co of the Employees of the Hebrew University LTD’s portfolio, making the stock its 25th largest holding. Provident Co of the Employees of the Hebrew University LTD’s holdings in Prologis were worth $1,302,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in PLD. Centricity Wealth Management LLC purchased a new stake in Prologis in the fourth quarter valued at approximately $30,000. Dunhill Financial LLC increased its stake in 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 during the period. Whipplewood Advisors LLC purchased a new stake in shares of Prologis in the fourth quarter valued at about $34,000. Promus Capital LLC purchased a new position in shares of Prologis during the fourth quarter worth about $34,000. Finally, Coastline Trust Co purchased a new stake in Prologis during the 3rd quarter valued at approximately $52,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of the 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 transaction, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. This represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. BMO Capital Markets lowered shares of Prologis from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $120.00 to $104.00 in a research note on Friday, December 6th. Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Robert W. Baird upped their price target on shares of Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. BNP Paribas upgraded shares of Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, Scotiabank decreased their price objective on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.78.

Prologis Trading Up 1.5 %

Shares of NYSE:PLD opened at $111.98 on Monday. The firm has a fifty day moving average of $116.89 and a two-hundred day moving average of $117.46. 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, Inc. has a 12-month low of $100.82 and a 12-month high of $132.57. The firm has a market capitalization of $103.79 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a dividend of $1.01 per share. This is a boost from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a yield of 3.61%. Prologis’s dividend payout ratio (DPR) is presently 101.00%.

About Prologis

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.