Slagle Financial LLC Has $2.22 Million Stake in Prologis, Inc. (NYSE:PLD)

Slagle Financial LLC boosted its holdings in Prologis, Inc. (NYSE:PLD) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,989 shares of the real estate investment trust’s stock after purchasing an additional 1,120 shares during the quarter. Slagle Financial LLC’s holdings in Prologis were worth $2,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Murphy & Mullick Capital Management Corp bought a new stake in shares of Prologis during the fourth quarter worth about $26,000. Crowley Wealth Management Inc. bought a new stake in Prologis during the 4th quarter worth approximately $27,000. Centricity Wealth Management LLC purchased a new stake in shares of Prologis in the fourth quarter worth approximately $30,000. Dunhill Financial LLC lifted its holdings in shares of 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 in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in shares of Prologis during the fourth quarter valued at approximately $34,000. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 0.2 %

NYSE:PLD opened at $110.95 on Friday. The company has a market cap of $102.84 billion, a P/E ratio of 27.74, a P/E/G ratio of 2.70 and a beta of 1.09. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $132.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The stock’s fifty day moving average price is $117.72 and its two-hundred day moving average price is $116.59.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a $1.01 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $4.04 annualized dividend and a yield of 3.64%. This is an increase from Prologis’s previous quarterly dividend of $0.96. Prologis’s dividend payout ratio (DPR) is currently 101.00%.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive now directly owns 7,977 shares in the company, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Baird R W upgraded Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Raymond James reissued a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. BNP Paribas raised shares of Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. Wolfe Research dropped their target price on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Robert W. Baird upped their target price on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Prologis has a consensus rating of “Moderate Buy” and an average target price 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.