Prologis, Inc. (NYSE:PLD) Stock Holdings Trimmed by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its holdings in Prologis, Inc. (NYSE:PLD) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 161,519 shares of the real estate investment trust’s stock after selling 8,832 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Prologis were worth $17,073,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Syntax Research Inc. increased its stake in shares of Prologis by 7.8% during the fourth quarter. Syntax Research Inc. now owns 34,064 shares of the real estate investment trust’s stock valued at $3,601,000 after acquiring an additional 2,462 shares during the period. Congress Wealth Management LLC DE increased its position in shares of Prologis by 7.4% during the 4th quarter. Congress Wealth Management LLC DE now owns 20,930 shares of the real estate investment trust’s stock valued at $2,212,000 after purchasing an additional 1,449 shares during the period. Cannon Global Investment Management LLC bought a new stake in shares of Prologis in the 4th quarter worth $613,000. Crowley Wealth Management Inc. bought a new stake in shares of Prologis in the 4th quarter worth $27,000. Finally, LPL Financial LLC lifted its holdings in shares of Prologis by 16.8% in the fourth quarter. LPL Financial LLC now owns 951,459 shares of the real estate investment trust’s stock valued at $100,569,000 after buying an additional 136,545 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLD has been the topic of several research reports. BTIG Research dropped their price target on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Robert W. Baird increased their target price on shares of Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. UBS Group raised their target price on shares of Prologis from $121.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, BMO Capital Markets lowered Prologis from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $120.00 to $104.00 in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.78.

Prologis Stock Performance

PLD stock opened at $109.32 on Wednesday. The firm has a 50 day moving average of $117.66 and a two-hundred day moving average of $116.67. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $132.57. The company has a market capitalization of $101.32 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 2.70 and a beta of 1.09. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 dividend on an annualized basis and a yield of 3.70%. Prologis’s dividend payout ratio is currently 101.00%.

Insiders Place Their Bets

In other 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 transaction of $1,305,783.78. Following the completion of the sale, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. This represents a 57.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

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.