Axiom Investors LLC DE Buys 116,086 Shares of Prologis, Inc. (NYSE:PLD)

Axiom Investors LLC DE grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 647,801 shares of the real estate investment trust’s stock after buying an additional 116,086 shares during the period. Axiom Investors LLC DE owned 0.07% of Prologis worth $68,473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PLD. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Prologis in the 4th quarter worth approximately $26,000. Crowley Wealth Management Inc. purchased a new stake in Prologis in the fourth quarter worth approximately $27,000. Centricity Wealth Management LLC bought a new stake in shares of Prologis in the fourth quarter worth $30,000. Dunhill Financial LLC grew its position in Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 182 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in Prologis in the 4th quarter worth $34,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PLD shares. Raymond James reissued a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. Robert W. Baird boosted their price objective on shares of Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Truist Financial upped their price target on shares of Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, January 27th. BTIG Research lowered their price target on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, Mizuho reduced their price target on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. 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. According to data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average target price of $128.78.

Insider Activity at Prologis

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the firm’s 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 completion of the transaction, the executive now owns 7,977 shares in the company, valued at $947,188.98. This trade represents a 57.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Prologis Stock Performance

PLD stock opened at $110.37 on Monday. The business’s 50-day moving average price is $117.74 and its two-hundred day moving average price is $116.24. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $132.57. The firm has a market cap of $102.29 billion, a PE ratio of 27.59, a P/E/G ratio of 2.70 and a beta of 1.09.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a yield of 3.66%. This is a positive change from Prologis’s previous quarterly dividend of $0.96. Prologis’s dividend payout ratio (DPR) is currently 101.00%.

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.