Telos Capital Management Inc. Has $961,000 Position in Prologis, Inc. (NYSE:PLD)

Telos Capital Management Inc. increased its position in Prologis, Inc. (NYSE:PLD) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,094 shares of the real estate investment trust’s stock after buying an additional 181 shares during the period. Telos Capital Management Inc.’s holdings in Prologis were worth $961,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC increased its holdings in Prologis by 339.0% in the fourth quarter. Empirical Asset Management LLC now owns 68,584 shares of the real estate investment trust’s stock worth $7,249,000 after buying an additional 52,963 shares during the last quarter. Sunflower Bank N.A. acquired a new position in Prologis in the third quarter worth approximately $249,000. Cardano Risk Management B.V. increased its holdings in Prologis by 2.9% in the fourth quarter. Cardano Risk Management B.V. now owns 893,009 shares of the real estate investment trust’s stock worth $94,391,000 after buying an additional 25,266 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Prologis by 2.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,199,812 shares of the real estate investment trust’s stock worth $149,116,000 after buying an additional 29,400 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in Prologis in the third quarter worth approximately $1,051,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 0.3 %

Shares of PLD stock opened at $118.48 on Friday. The stock has a market cap of $109.73 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76. The stock has a fifty day moving average price of $111.09 and a 200 day moving average price of $118.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.24%. Prologis’s payout ratio is presently 96.00%.

Insider Buying and Selling at Prologis

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction on 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 transaction, the executive now directly owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PLD. Royal Bank of Canada increased their price target on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a report on Monday, January 27th. UBS Group increased their price target on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. The Goldman Sachs Group reiterated a “neutral” rating and set a $132.00 price target (down previously from $142.00) on shares of Prologis in a report on Monday, October 21st. Robert W. Baird increased their price target on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Wolfe Research lowered their price target on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus 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.