G&S Capital LLC Has $2.54 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

G&S Capital LLC reduced its holdings in shares of Prologis, Inc. (NYSE:PLD) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,980 shares of the real estate investment trust’s stock after selling 530 shares during the quarter. G&S Capital LLC’s holdings in Prologis were worth $2,535,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Avestar Capital LLC lifted its position in Prologis by 22.3% during the 4th quarter. Avestar Capital LLC now owns 5,336 shares of the real estate investment trust’s stock worth $564,000 after buying an additional 974 shares in the last quarter. Values First Advisors Inc. increased its position in shares of Prologis by 44.8% in the fourth quarter. Values First Advisors Inc. now owns 1,933 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 598 shares during the last quarter. Kentucky Trust Co bought a new stake in Prologis during the fourth quarter worth about $156,000. Gladstone Institutional Advisory LLC boosted its position in Prologis by 26.4% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 5,090 shares of the real estate investment trust’s stock valued at $538,000 after purchasing an additional 1,062 shares during the last quarter. Finally, Certuity LLC acquired a new position in Prologis during the fourth quarter valued at approximately $225,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CIO Joseph Ghazal sold 10,997 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the transaction, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. This represents a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of analyst reports. Wolfe Research dropped their price objective on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Raymond James reaffirmed a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. Royal Bank of Canada boosted their price target on Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Monday, January 27th. Finally, Mizuho dropped their price objective on Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $128.78.

Prologis Price Performance

Prologis stock opened at $119.81 on Thursday. The stock has a market capitalization of $110.96 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 2.64 and a beta of 1.10. Prologis, Inc. has a 52-week low of $100.82 and a 52-week high of $135.76. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23. The stock’s 50 day moving average price is $111.39 and its two-hundred day moving average price is $118.15.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.21%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio is presently 96.00%.

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.