Prologis, Inc. (NYSE:PLD) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its position in Prologis, Inc. (NYSE:PLD) by 30.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,977 shares of the real estate investment trust’s stock after purchasing an additional 10,719 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Prologis were worth $4,860,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Dunhill Financial LLC boosted its position 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 purchasing an additional 182 shares during the period. Centricity Wealth Management LLC acquired a new stake in shares of Prologis in the 4th quarter worth approximately $30,000. Hara Capital LLC acquired a new stake in shares of Prologis in the 3rd quarter worth approximately $48,000. Coastline Trust Co acquired a new stake in Prologis in the third quarter worth approximately $52,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of Prologis by 120.6% in the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 240 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the firm’s 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 completion of the sale, the executive now owns 7,977 shares of the company’s stock, valued at $947,188.98. This trade represents a 57.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Prologis Trading Up 0.1 %

NYSE:PLD opened at $121.01 on Monday. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The business has a 50 day moving average price of $112.56 and a two-hundred day moving average price of $117.99. The company has a market cap of $112.16 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 2.70 and a beta of 1.10. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Prologis’s previous quarterly dividend of $0.96. Prologis’s dividend payout ratio is presently 96.00%.

Analyst Ratings Changes

PLD has been the subject of several recent research reports. Raymond James reissued a “market perform” rating on shares of Prologis in a research note on Monday, February 3rd. Truist Financial upped their price objective on shares of Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Barclays increased their price objective on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Baird R W upgraded Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. 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 given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $128.78.

About Prologis

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.