4,058 Shares in Prologis, Inc. (NYSE:PLD) Acquired by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,058 shares of the real estate investment trust’s stock, valued at approximately $429,000.

Other large investors have also modified their holdings of the company. Welch & Forbes LLC raised its position in Prologis by 7.7% in the 4th quarter. Welch & Forbes LLC now owns 4,555 shares of the real estate investment trust’s stock valued at $481,000 after purchasing an additional 325 shares during the last quarter. E Fund Management Co. Ltd. acquired a new position in Prologis in the fourth quarter valued at $242,000. Candriam S.C.A. raised its holdings in shares of Prologis by 15.6% in the fourth quarter. Candriam S.C.A. now owns 114,596 shares of the real estate investment trust’s stock valued at $12,113,000 after buying an additional 15,449 shares during the last quarter. Carmel Capital Partners LLC boosted its stake in shares of Prologis by 6.0% during the fourth quarter. Carmel Capital Partners LLC now owns 3,973 shares of the real estate investment trust’s stock worth $420,000 after buying an additional 224 shares during the period. Finally, Washington Trust Advisors Inc. grew its holdings in shares of Prologis by 1.7% during the fourth quarter. Washington Trust Advisors Inc. now owns 7,112 shares of the real estate investment trust’s stock worth $752,000 after buying an additional 120 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLD has been the subject of several analyst reports. BTIG Research reduced their price objective on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Truist Financial upped their price target on Prologis from $121.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barclays lifted 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. BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $120.00 to $104.00 in a research note on Friday, December 6th. Finally, BNP Paribas upgraded shares of Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.78.

Prologis Stock Down 0.3 %

Prologis stock opened at $119.89 on Monday. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The firm has a market capitalization of $111.12 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09. The stock’s fifty day moving average is $115.96 and its two-hundred day moving average is $117.93. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $1.01 per share. This is an increase from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Tuesday, March 18th. Prologis’s dividend payout ratio (DPR) is 101.00%.

Insiders Place Their Bets

In other news, CIO Joseph Ghazal sold 10,997 shares of the stock in a transaction that occurred 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 sale, the executive now directly owns 7,977 shares in the company, valued at $947,188.98. This represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

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.