Exencial Wealth Advisors LLC Has $222,000 Holdings in Prologis, Inc. (NYSE:PLD)

Exencial Wealth Advisors LLC trimmed its stake in Prologis, Inc. (NYSE:PLD) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,103 shares of the real estate investment trust’s stock after selling 412 shares during the period. Exencial Wealth Advisors LLC’s holdings in Prologis were worth $222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Beacon Financial Advisory LLC raised its position in shares of Prologis by 21.0% during the third quarter. Beacon Financial Advisory LLC now owns 3,133 shares of the real estate investment trust’s stock worth $396,000 after acquiring an additional 544 shares during the last quarter. Avidian Wealth Enterprises LLC bought a new position in Prologis during the 3rd quarter worth approximately $240,000. Harvest Portfolios Group Inc. lifted its position in shares of Prologis by 94.5% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 8,345 shares of the real estate investment trust’s stock worth $1,054,000 after purchasing an additional 4,054 shares during the period. Graypoint LLC lifted its position in shares of Prologis by 31.9% in the 3rd quarter. Graypoint LLC now owns 4,714 shares of the real estate investment trust’s stock worth $595,000 after purchasing an additional 1,141 shares during the period. Finally, Jackson Square Capital LLC bought a new stake in shares of Prologis in the 3rd quarter valued at $477,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Prologis

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was 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 approximately $947,188.98. This trade represents a 57.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is owned by insiders.

Prologis Trading Down 3.0 %

PLD opened at $120.27 on Friday. 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 $111.47 billion, a PE ratio of 30.07, a P/E/G ratio of 2.70 and a beta of 1.09. 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 company’s 50-day moving average is $115.66 and its 200 day moving average is $118.05.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Prologis’s previous quarterly dividend of $0.96. Prologis’s dividend payout ratio (DPR) is currently 101.00%.

Analyst Ratings Changes

PLD has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Royal Bank of Canada lifted their price objective on Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Monday, January 27th. Raymond James restated a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. BMO Capital Markets downgraded 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 report on Friday, December 6th. Finally, BNP Paribas upgraded Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.