Strengthening Families & Communities LLC Grows Stock Position in Prologis, Inc. (NYSE:PLD)

Strengthening Families & Communities LLC increased its position in shares of Prologis, Inc. (NYSE:PLD) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,650 shares of the real estate investment trust’s stock after buying an additional 2,456 shares during the quarter. Prologis comprises approximately 1.2% of Strengthening Families & Communities LLC’s portfolio, making the stock its 27th largest position. Strengthening Families & Communities LLC’s holdings in Prologis were worth $2,077,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Empirical Asset Management LLC raised its position in shares of Prologis by 339.0% during the 4th quarter. Empirical Asset Management LLC now owns 68,584 shares of the real estate investment trust’s stock valued at $7,249,000 after buying an additional 52,963 shares during the period. Cardano Risk Management B.V. raised its position in Prologis by 2.9% in the fourth quarter. Cardano Risk Management B.V. now owns 893,009 shares of the real estate investment trust’s stock valued at $94,391,000 after purchasing an additional 25,266 shares during the period. DekaBank Deutsche Girozentrale raised its position in Prologis by 2.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,199,812 shares of the real estate investment trust’s stock valued at $149,116,000 after purchasing an additional 29,400 shares during the period. Worldquant Millennium Advisors LLC purchased a new stake in Prologis in the third quarter valued at approximately $1,051,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Prologis in the third quarter valued at approximately $7,371,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD stock opened at $119.40 on Tuesday. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average price of $111.11 and a 200 day moving average price of $118.15. The company has a market cap of $110.58 billion, a P/E ratio of 29.85, a PEG ratio of 2.64 and a beta of 1.10. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76.

Prologis Announces Dividend

The company 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.22%. Prologis’s payout ratio is currently 96.00%.

Insider Buying and Selling

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the company’s stock in a transaction 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 owns 7,977 shares in the company, valued at $947,188.98. This represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Raymond James reissued a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. Mizuho cut their target price on Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Wolfe Research cut their target price on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Scotiabank cut their target price on Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Monday, January 27th. 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.78.

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.