Tyler Stone Wealth Management Purchases 421 Shares of Prologis, Inc. (NYSE:PLD)

Tyler Stone Wealth Management lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 19.2% in the 4th quarter, Holdings Channel reports. The firm owned 2,612 shares of the real estate investment trust’s stock after acquiring an additional 421 shares during the period. Tyler Stone Wealth Management’s holdings in Prologis were worth $276,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PLD. Empirical Asset Management LLC boosted its position in Prologis by 339.0% during the fourth quarter. Empirical Asset Management LLC now owns 68,584 shares of the real estate investment trust’s stock valued at $7,249,000 after buying an additional 52,963 shares during the period. Cardano Risk Management B.V. raised its holdings in shares of Prologis by 2.9% during the fourth quarter. Cardano Risk Management B.V. now owns 893,009 shares of the real estate investment trust’s stock valued at $94,391,000 after acquiring an additional 25,266 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Prologis by 29.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 784,360 shares of the real estate investment trust’s stock valued at $82,907,000 after purchasing an additional 179,880 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new position in shares of Prologis during the 3rd quarter worth approximately $1,051,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Prologis by 1.3% in the third quarter. The Manufacturers Life Insurance Company now owns 728,921 shares of the real estate investment trust’s stock worth $92,048,000 after purchasing an additional 9,147 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

PLD has been the topic of several analyst reports. Raymond James reissued a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. BMO Capital Markets lowered shares of Prologis from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $120.00 to $104.00 in a research note on Friday, December 6th. BTIG Research dropped their target price on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Mizuho decreased their target price on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Baird R W upgraded shares of 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 assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.78.

Insiders Place Their Bets

In other news, CIO Joseph Ghazal sold 10,997 shares of the business’s stock in a transaction 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 transaction, the executive now owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Prologis Trading Up 1.7 %

Shares of PLD stock opened at $111.07 on Thursday. The stock has a fifty day simple moving average of $117.72 and a two-hundred day simple moving average of $116.63. Prologis, Inc. has a 52-week low of $100.82 and a 52-week high of $132.57. The firm has a market capitalization of $102.94 billion, a PE ratio of 27.77, a PEG ratio of 2.70 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75.

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 paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Prologis’s previous quarterly dividend of $0.96. Prologis’s dividend payout ratio (DPR) is 101.00%.

Prologis Company 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.