Prologis, Inc. (NYSE:PLD) Position Lowered by TD Private Client Wealth LLC

TD Private Client Wealth LLC decreased its stake in shares of Prologis, Inc. (NYSE:PLD) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,994 shares of the real estate investment trust’s stock after selling 617 shares during the period. TD Private Client Wealth LLC’s holdings in Prologis were worth $7,187,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Dunhill Financial LLC lifted its position in shares of Prologis by 239.5% during the third 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 last quarter. Centricity Wealth Management LLC bought a new position in Prologis in the fourth quarter worth about $30,000. Promus Capital LLC bought a new position in Prologis in the fourth quarter worth about $34,000. Whipplewood Advisors LLC bought a new position in Prologis in the fourth quarter worth about $34,000. Finally, Asset Planning Inc bought a new position in Prologis in the fourth quarter worth about $53,000. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling

In related news, CIO Joseph Ghazal sold 10,997 shares of the firm’s 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 completion of the transaction, 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 SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by insiders.

Prologis Price Performance

NYSE PLD opened at $112.01 on Friday. The firm has a market capitalization of $103.81 billion, a PE ratio of 28.00, a P/E/G ratio of 2.70 and a beta of 1.09. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $132.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The company’s 50 day simple moving average is $117.44 and its 200 day simple moving average is $117.21.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a dividend of $1.01 per share. 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 of this dividend is Tuesday, March 18th. Prologis’s dividend payout ratio (DPR) is presently 101.00%.

Analyst Upgrades and Downgrades

PLD has been the topic of a number of recent research reports. Robert W. Baird raised their target price on shares of Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. BNP Paribas raised shares of Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. Mizuho dropped their price target on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, BMO Capital Markets lowered shares of Prologis from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $120.00 to $104.00 in a research note on Friday, December 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Prologis presently 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.