Stephens Inc. AR Has $4.18 Million Position in Prologis, Inc. (NYSE:PLD)

Stephens Inc. AR lessened its holdings in Prologis, Inc. (NYSE:PLD) by 24.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,567 shares of the real estate investment trust’s stock after selling 13,064 shares during the period. Stephens Inc. AR’s holdings in Prologis were worth $4,182,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PLD. AMF Tjanstepension AB raised its holdings in shares of 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 in the last quarter. CWM LLC lifted its holdings 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 valued at $2,558,000 after acquiring an additional 1,257 shares during the period. Carnegie Investment Counsel boosted its stake in shares of Prologis by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 18,747 shares of the real estate investment trust’s stock valued at $2,367,000 after purchasing an additional 262 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Prologis by 29.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,229 shares of the real estate investment trust’s stock worth $787,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Gilman Hill Asset Management LLC grew its holdings in shares of Prologis by 15.2% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 5,785 shares of the real estate investment trust’s stock worth $731,000 after purchasing an additional 765 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Up 1.7 %

Shares of NYSE PLD opened at $119.40 on Tuesday. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The firm has a market capitalization of $110.58 billion, a P/E ratio of 29.85, a P/E/G ratio of 2.64 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43. The company’s 50 day simple moving average is $111.11 and its 200 day simple moving average is $118.15.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid 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 (DPR) is currently 96.00%.

Analyst Ratings Changes

PLD has been the topic of a number of recent analyst reports. BMO Capital Markets lowered shares of Prologis from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $120.00 to $104.00 in a research report on Friday, December 6th. BTIG Research reduced their target price on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Wolfe Research decreased their price target on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Barclays lifted their price objective on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, UBS Group increased their target price on Prologis from $121.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.78.

Insider Transactions at Prologis

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the 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 transaction, the executive now owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. This represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by corporate insiders.

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.