Prologis, Inc. (NYSE:PLD) Shares Sold by Buckhead Capital Management LLC

Buckhead Capital Management LLC lessened its holdings in shares of Prologis, Inc. (NYSE:PLD) by 8.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,115 shares of the real estate investment trust’s stock after selling 196 shares during the quarter. Buckhead Capital Management LLC’s holdings in Prologis were worth $224,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. AMF Tjanstepension AB grew its stake in shares of Prologis by 267.9% in the third quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock worth $236,879,000 after acquiring an additional 1,365,811 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Prologis by 29.6% in the third quarter. Exchange Traded Concepts LLC now owns 6,229 shares of the real estate investment trust’s stock valued at $787,000 after purchasing an additional 1,424 shares during the period. CX Institutional grew its stake in Prologis by 2.7% during the 3rd quarter. CX Institutional now owns 3,347 shares of the real estate investment trust’s stock worth $423,000 after purchasing an additional 88 shares in the last quarter. Creative Planning increased its holdings in Prologis by 18.3% during the 3rd quarter. Creative Planning now owns 100,154 shares of the real estate investment trust’s stock worth $12,647,000 after purchasing an additional 15,510 shares during the period. Finally, NBC Securities Inc. increased its holdings in Prologis by 20.1% during the 3rd quarter. NBC Securities Inc. now owns 1,848 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 309 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of Prologis 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 transaction, the executive now directly owns 7,977 shares in the company, valued at $947,188.98. This trade represents a 57.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Robert W. Baird boosted their price objective on Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. BTIG Research lowered their price target on shares of Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a report on Friday, January 17th. UBS Group raised their price objective on shares of Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Raymond James reaffirmed a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. Finally, Scotiabank cut their price target on Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

Prologis Trading Up 1.1 %

NYSE PLD opened at $121.07 on Friday. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76. The firm has a market cap of $112.13 billion, a PE ratio of 30.27, a P/E/G ratio of 2.64 and a beta of 1.10. The firm’s fifty day moving average is $111.39 and its two-hundred day moving average is $118.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.96 per share. The ex-dividend date was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.17%. Prologis’s payout ratio is 96.00%.

Prologis 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.