Rational Advisors LLC Increases Position in Prologis, Inc. (NYSE:PLD)

Rational Advisors LLC grew its holdings in Prologis, Inc. (NYSE:PLD) by 2,063.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,494 shares of the real estate investment trust’s stock after purchasing an additional 5,240 shares during the quarter. Rational Advisors LLC’s holdings in Prologis were worth $581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AMF Tjanstepension AB increased its stake in shares of Prologis by 267.9% in the 3rd quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock worth $236,879,000 after acquiring an additional 1,365,811 shares during the last quarter. Creative Planning increased its position in Prologis by 18.3% during the third quarter. Creative Planning now owns 100,154 shares of the real estate investment trust’s stock worth $12,647,000 after purchasing an additional 15,510 shares during the last quarter. Bleakley Financial Group LLC increased its position in Prologis by 18.1% during the third quarter. Bleakley Financial Group LLC now owns 14,990 shares of the real estate investment trust’s stock worth $1,893,000 after purchasing an additional 2,301 shares during the last quarter. Stratos Investment Management LLC purchased a new position in Prologis during the third quarter worth about $221,000. Finally, Accurate Wealth Management LLC grew its stake in shares of Prologis by 18.2% in the 3rd quarter. Accurate Wealth Management LLC now owns 4,343 shares of the real estate investment trust’s stock valued at $527,000 after buying an additional 670 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PLD. Scotiabank lowered their price objective on Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Monday, January 27th. Raymond James reiterated a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. BTIG Research lowered their target price on shares of Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, Truist Financial boosted their price target 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given 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 a consensus price target of $128.78.

Insider Activity

In related news, CIO Joseph Ghazal sold 10,997 shares of the stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Prologis Stock Performance

Shares of Prologis stock opened at $120.84 on Monday. The business has a 50-day simple moving average of $111.71 and a 200-day simple moving average of $118.09. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76. The company has a market cap of $111.92 billion, a PE ratio of 30.21, a P/E/G ratio of 2.64 and a beta of 1.10.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio is presently 96.00%.

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.