J.Safra Asset Management Corp Acquires 102 Shares of Prologis, Inc. (NYSE:PLD)

J.Safra Asset Management Corp increased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 22.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559 shares of the real estate investment trust’s stock after purchasing an additional 102 shares during the period. J.Safra Asset Management Corp’s holdings in Prologis were worth $59,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in Prologis in the 3rd quarter valued at approximately $255,000. Beacon Financial Advisory LLC lifted its stake in Prologis by 21.0% in the 3rd quarter. Beacon Financial Advisory LLC now owns 3,133 shares of the real estate investment trust’s stock valued at $396,000 after acquiring an additional 544 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new stake in Prologis in the 3rd quarter valued at approximately $240,000. Harvest Portfolios Group Inc. lifted its stake in Prologis by 94.5% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 8,345 shares of the real estate investment trust’s stock valued at $1,054,000 after acquiring an additional 4,054 shares in the last quarter. Finally, Umpqua Bank lifted its stake in Prologis by 3.7% in the 3rd quarter. Umpqua Bank now owns 5,015 shares of the real estate investment trust’s stock valued at $633,000 after acquiring an additional 180 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling

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

Prologis Price Performance

Shares of PLD stock opened at $124.08 on Thursday. 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, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The company has a market cap of $115.00 billion, a P/E ratio of 31.02, a P/E/G ratio of 2.70 and a beta of 1.09. The business has a fifty day simple moving average of $115.40 and a 200 day simple moving average of $118.03.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a dividend of $1.01 per share. This is an increase from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Tuesday, March 18th. Prologis’s dividend payout ratio is currently 101.00%.

Analyst Ratings Changes

Several research firms have commented on PLD. Mizuho cut their target price on Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird boosted their price target on Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. BNP Paribas raised Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. UBS Group boosted their target price on Prologis from $121.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. One equities 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and an average price target of $128.78.

Prologis 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.