Prologis, Inc. (NYSE:PLD) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lessened its position in Prologis, Inc. (NYSE:PLD) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,593 shares of the real estate investment trust’s stock after selling 1,197 shares during the period. Schechter Investment Advisors LLC’s holdings in Prologis were worth $1,014,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dunhill Financial LLC increased its holdings in shares of Prologis by 239.5% in the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 182 shares during the period. Centricity Wealth Management LLC acquired a new stake in shares of Prologis in the 4th quarter worth about $30,000. Whipplewood Advisors LLC acquired a new position in Prologis during the 4th quarter valued at about $34,000. Hara Capital LLC acquired a new position in Prologis during the 3rd quarter valued at about $48,000. Finally, Coastline Trust Co acquired a new position in Prologis during the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

PLD stock opened at $123.48 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The stock has a market cap of $114.45 billion, a P/E ratio of 30.87, a P/E/G ratio of 2.70 and a beta of 1.10. The firm has a 50 day simple moving average of $114.66 and a 200 day simple moving average of $118.00. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76.

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 issued a dividend of $1.01 per share. This is a boost from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Tuesday, March 18th. Prologis’s dividend payout ratio (DPR) is currently 101.00%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Robert W. Baird raised their target price on shares of Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. BTIG Research reduced their price objective on shares of Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Raymond James restated a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. Barclays raised 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, BNP Paribas upgraded shares of Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. One equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.78.

Insider Buying and Selling

In related news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the completion of the sale, the executive now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

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.