Transform Wealth LLC Sells 416 Shares of Prologis, Inc. (NYSE:PLD)

Transform Wealth LLC lessened its holdings in shares of Prologis, Inc. (NYSE:PLD) by 13.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,613 shares of the real estate investment trust’s stock after selling 416 shares during the period. Transform Wealth LLC’s holdings in Prologis were worth $276,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. acquired a new position in shares of Prologis during the 2nd quarter worth $27,000. Sunbelt Securities Inc. boosted its holdings in Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 224 shares in the last quarter. Dunhill Financial LLC boosted its holdings in Prologis by 239.5% in 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 in the last quarter. Hara Capital LLC acquired a new position in Prologis during the third quarter worth $48,000. Finally, Coastline Trust Co bought a new position in Prologis during the third quarter valued at about $52,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLD has been the subject of several recent analyst reports. Barclays upped their price target on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. BTIG Research lowered their price target on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a report on Friday, January 17th. 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 report on Wednesday, January 8th. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Wolfe Research lowered their target price on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average target price of $128.67.

Prologis Stock Performance

NYSE:PLD opened at $117.27 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $110.25 and a 200 day moving average price of $118.34. The firm has a market capitalization of $108.62 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 3.01 and a beta of 1.09. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76.

Prologis Dividend Announcement

The business also recently announced 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. The ex-dividend date was Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.27%. Prologis’s dividend payout ratio (DPR) is presently 116.01%.

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.