Crestwood Advisors Group LLC Has $236,000 Holdings in Prologis, Inc. (NYSE:PLD)

Crestwood Advisors Group LLC lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 28.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,237 shares of the real estate investment trust’s stock after purchasing an additional 502 shares during the period. Crestwood Advisors Group LLC’s holdings in Prologis were worth $236,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Centricity Wealth Management LLC acquired a new position in shares of Prologis during the fourth quarter worth $30,000. Dunhill Financial LLC lifted its holdings in shares of Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 182 shares during the period. Hara Capital LLC acquired a new position in shares of Prologis during the third quarter worth $48,000. Coastline Trust Co acquired a new position in shares of Prologis during the third quarter worth $52,000. Finally, Asset Planning Inc acquired a new position in Prologis in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Transactions at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the completion of the sale, the executive now directly owns 7,977 shares of the company’s stock, valued at $947,188.98. The trade was 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 link. 0.56% of the stock is currently owned by insiders.

Prologis Trading Down 0.4 %

NYSE:PLD opened at $122.11 on Thursday. 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 firm has a 50-day moving average of $113.44 and a 200-day moving average of $118.02. The company has a market cap of $113.18 billion, a PE ratio of 30.53, a PEG ratio of 2.70 and a beta of 1.10. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a dividend yield of 3.31%. Prologis’s payout ratio is presently 101.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PLD shares. Mizuho dropped their target price on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. 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. BNP Paribas upgraded shares of Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. Raymond James restated a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. Finally, BMO Capital Markets lowered shares of Prologis from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $120.00 to $104.00 in a report on Friday, December 6th. One 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.