Consolidated Portfolio Review Corp Raises Holdings in Prologis, Inc. (NYSE:PLD)

Consolidated Portfolio Review Corp boosted its stake in Prologis, Inc. (NYSE:PLD) by 61.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,428 shares of the real estate investment trust’s stock after purchasing an additional 2,074 shares during the period. Consolidated Portfolio Review Corp’s holdings in Prologis were worth $574,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Dunhill Financial LLC raised its holdings in Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 182 shares during the last quarter. Hara Capital LLC purchased a new position in shares of Prologis in the third quarter valued at about $48,000. Coastline Trust Co purchased a new position in shares of Prologis in the third quarter valued at about $52,000. Fortitude Family Office LLC raised its stake in shares of Prologis by 120.6% during the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 240 shares during the last quarter. Finally, Reston Wealth Management LLC purchased a new stake in shares of Prologis during the third quarter worth about $70,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Prologis

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction on 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 completion of the sale, the executive now owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PLD has been the topic of a number of research analyst reports. Truist Financial boosted their price target on Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a report on Monday, January 27th. Wolfe Research decreased their target price on Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, January 17th. BTIG Research cut their price target on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a report on Friday, January 17th. UBS Group boosted their price objective on shares of Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $128.78.

Prologis Trading Down 1.0 %

Prologis stock opened at $117.39 on Friday. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $111.10 and its two-hundred day simple moving average is $118.30. The company has a market capitalization of $108.72 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.27%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is 96.00%.

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.