Prologis, Inc. (NYSE:PLD) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. grew its position in Prologis, Inc. (NYSE:PLD) by 72.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,685 shares of the real estate investment trust’s stock after acquiring an additional 9,105 shares during the period. Atria Wealth Solutions Inc.’s holdings in Prologis were worth $2,292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dunhill Financial LLC lifted its position in Prologis by 239.5% in the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 182 shares during the period. Hara Capital LLC purchased a new position in shares of Prologis during the 3rd quarter worth approximately $48,000. Coastline Trust Co acquired a new stake in shares of Prologis in the 3rd quarter valued at approximately $52,000. Fortitude Family Office LLC boosted its stake in shares of Prologis by 120.6% in the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 240 shares in the last quarter. Finally, Asset Planning Inc acquired a new position in Prologis during the fourth quarter worth $53,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CIO Joseph Ghazal sold 10,997 shares of the 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 directly owns 7,977 shares in the company, valued at $947,188.98. This represents a 57.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by company insiders.

Prologis Trading Up 0.1 %

Shares of PLD opened at $121.01 on Friday. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The company has a market capitalization of $112.16 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 2.72 and a beta of 1.10. The stock has a fifty day moving average of $112.56 and a two-hundred day moving average of $118.03. 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 $1.01 dividend. This is a positive change from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Tuesday, March 18th. Prologis’s dividend payout ratio is presently 96.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PLD shares. Barclays raised their target price on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Scotiabank reduced their price objective on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Monday, January 27th. BMO Capital Markets lowered shares of Prologis from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. Truist Financial lifted their price target 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, BTIG Research lowered their price target on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

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.