B. Metzler seel. Sohn & Co. AG Raises Position in Prologis, Inc. (NYSE:PLD)

B. Metzler seel. Sohn & Co. AG lifted its holdings in Prologis, Inc. (NYSE:PLD) by 8.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,169 shares of the real estate investment trust’s stock after purchasing an additional 4,801 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Prologis were worth $6,676,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Prologis during the fourth quarter worth about $26,000. Crowley Wealth Management Inc. purchased a new stake in Prologis during the 4th quarter worth approximately $27,000. Centricity Wealth Management LLC acquired a new position in Prologis during the 4th quarter valued at approximately $30,000. Dunhill Financial LLC raised 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 worth $33,000 after buying an additional 182 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Prologis during the fourth quarter worth $34,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Trading Up 1.2 %

Shares of NYSE:PLD opened at $111.79 on Tuesday. The business’s 50 day moving average price is $117.78 and its 200-day moving average price is $116.11. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $132.57. The firm has a market capitalization of $103.61 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given 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 was Tuesday, March 18th. This represents a $4.04 annualized dividend and a dividend yield of 3.61%. Prologis’s dividend payout ratio (DPR) is 101.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PLD shares. Royal Bank of Canada upped their target price on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research report on Monday, January 27th. UBS Group raised their price objective on Prologis from $121.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Truist Financial upped their target price on Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, January 27th. BMO Capital Markets lowered shares of Prologis from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. Finally, Mizuho dropped their price objective on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

Insider Transactions at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction dated 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 sale, the executive now directly 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 filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

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.