4,700 Shares in Prologis, Inc. (NYSE:PLD) Acquired by Compound Global Advisors LLC

Compound Global Advisors LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,700 shares of the real estate investment trust’s stock, valued at approximately $497,000. Prologis comprises approximately 2.0% of Compound Global Advisors LLC’s portfolio, making the stock its 19th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AMF Tjanstepension AB increased its stake in 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 buying an additional 1,365,811 shares during the period. CWM LLC increased its position in shares of Prologis by 6.6% during the third quarter. CWM LLC now owns 20,255 shares of the real estate investment trust’s stock worth $2,558,000 after acquiring an additional 1,257 shares during the period. Carnegie Investment Counsel raised its stake in shares of Prologis by 1.4% during the third quarter. Carnegie Investment Counsel now owns 18,747 shares of the real estate investment trust’s stock valued at $2,367,000 after acquiring an additional 262 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Prologis by 29.6% in the third quarter. Exchange Traded Concepts LLC now owns 6,229 shares of the real estate investment trust’s stock valued at $787,000 after purchasing an additional 1,424 shares during the period. Finally, Gilman Hill Asset Management LLC boosted its holdings in shares of Prologis by 15.2% in the third quarter. Gilman Hill Asset Management LLC now owns 5,785 shares of the real estate investment trust’s stock valued at $731,000 after purchasing an additional 765 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PLD. Royal Bank of Canada lifted their target price on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research report on Monday, January 27th. Robert W. Baird lifted their price objective on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Truist Financial raised their target price on shares of Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. One research 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 data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average price target 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 dated 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 completion of the transaction, the executive now owns 7,977 shares of the company’s stock, valued at $947,188.98. The trade was a 57.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.

Prologis Stock Up 1.7 %

NYSE:PLD opened at $119.40 on Tuesday. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $111.11 and its two-hundred day moving average is $118.15. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The company has a market cap of $110.58 billion, a PE ratio of 29.85, a P/E/G ratio of 2.64 and a beta of 1.10.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio is presently 96.00%.

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.