Roger Wittlin Investment Advisory LLC Decreases Stake in Prologis, Inc. (NYSE:PLD)

Roger Wittlin Investment Advisory LLC lessened its stake in shares of Prologis, Inc. (NYSE:PLD) by 28.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,956 shares of the real estate investment trust’s stock after selling 2,399 shares during the quarter. Roger Wittlin Investment Advisory LLC’s holdings in Prologis were worth $630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of Prologis during the fourth quarter valued at approximately $26,000. Crowley Wealth Management Inc. purchased a new position in Prologis during the 4th quarter valued at $27,000. Centricity Wealth Management LLC bought a new position in Prologis in the 4th quarter worth $30,000. Dunhill Financial LLC lifted its position 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 purchasing an additional 182 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in shares of Prologis during the 4th quarter valued at about $34,000. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling

In other news, CIO Joseph Ghazal sold 10,997 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the transaction, the executive now directly owns 7,977 shares of the company’s stock, valued at $947,188.98. This represents a 57.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.

Prologis Price Performance

Shares of NYSE:PLD opened at $112.52 on Thursday. 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 firm has a market cap of $104.29 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09. The business has a 50-day simple moving average of $117.61 and a two-hundred day simple moving average of $115.95. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $132.57.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were given a dividend of $1.01 per share. This is an increase 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 dividend on an annualized basis and a yield of 3.59%. Prologis’s dividend payout ratio is 101.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Mizuho decreased their price target on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada increased their target price on Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Monday, January 27th. UBS Group lifted their price target on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Robert W. Baird increased their price objective on Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.