Prologis, Inc. (NYSE:PLD) Shares Sold by Mosaic Financial Group LLC

Mosaic Financial Group LLC reduced its position in Prologis, Inc. (NYSE:PLD) by 15.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,181 shares of the real estate investment trust’s stock after selling 400 shares during the quarter. Mosaic Financial Group LLC’s holdings in Prologis were worth $231,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. HighPoint Advisor Group LLC raised its position in Prologis by 4.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 14,949 shares of the real estate investment trust’s stock valued at $1,580,000 after purchasing an additional 612 shares during the last quarter. Family Legacy Inc. grew its holdings in shares of Prologis by 5.7% during the fourth quarter. Family Legacy Inc. now owns 18,653 shares of the real estate investment trust’s stock worth $1,968,000 after buying an additional 1,001 shares during the last quarter. B. Metzler seel. Sohn & Co. AG increased its position in Prologis by 8.2% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 63,169 shares of the real estate investment trust’s stock valued at $6,676,000 after acquiring an additional 4,801 shares during the period. Alliancebernstein L.P. raised its stake in Prologis by 0.9% during the 4th quarter. Alliancebernstein L.P. now owns 3,496,280 shares of the real estate investment trust’s stock valued at $369,557,000 after acquiring an additional 30,985 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its position in Prologis by 26.9% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 16,398 shares of the real estate investment trust’s stock worth $1,733,000 after acquiring an additional 3,478 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Prologis

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 insiders.

Prologis Stock Up 1.2 %

PLD opened at $111.79 on Tuesday. Prologis, Inc. has a one year low of $100.82 and a one year high of $132.57. The company has a market cap of $103.61 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.70 and a beta of 1.09. The business’s fifty day moving average is $117.78 and its two-hundred day moving average is $116.11. 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.61%. This is a boost from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date was Tuesday, March 18th. Prologis’s dividend payout ratio is presently 101.00%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Mizuho cut their price target on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Wolfe Research cut their price objective on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. UBS Group lifted their target price on shares of Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Truist Financial increased their price target on shares of Prologis from $121.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Robert W. Baird raised their price objective on shares of Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.78.

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.