Arete Wealth Advisors LLC Has $676,000 Stock Holdings in Prologis, Inc. (NYSE:PLD)

Arete Wealth Advisors LLC boosted its position in shares of Prologis, Inc. (NYSE:PLD) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,401 shares of the real estate investment trust’s stock after purchasing an additional 600 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Prologis were worth $676,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. World Investment Advisors increased its position in shares of Prologis by 41.9% in the 4th quarter. World Investment Advisors now owns 11,115 shares of the real estate investment trust’s stock valued at $1,175,000 after buying an additional 3,284 shares in the last quarter. OneAscent Financial Services LLC bought a new stake in shares of Prologis in the fourth quarter worth about $477,000. GSI Capital Advisors LLC increased its holdings in shares of Prologis by 31.1% in the fourth quarter. GSI Capital Advisors LLC now owns 125,832 shares of the real estate investment trust’s stock worth $13,300,000 after acquiring an additional 29,886 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Prologis by 2.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust’s stock worth $1,754,282,000 after purchasing an additional 334,907 shares during the period. Finally, RFG Bristol Wealth Advisors LLC bought a new position in shares of Prologis during the 4th quarter valued at about $456,000. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 3.4 %

NYSE PLD opened at $98.10 on Friday. Prologis, Inc. has a 12 month low of $95.34 and a 12 month high of $132.57. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $116.86 and a 200-day moving average of $115.64. The company has a market cap of $90.94 billion, a PE ratio of 24.53, a PEG ratio of 2.70 and a beta of 1.20.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Tuesday, March 18th. This is an increase from Prologis’s previous quarterly dividend of $0.96. Prologis’s dividend payout ratio (DPR) is 101.00%.

Insider Transactions at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction dated 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 completion of the transaction, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Robert W. Baird increased their target price on Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. UBS Group raised their price objective on shares of Prologis from $121.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Scotiabank cut their price objective on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Monday, January 27th. BTIG Research lowered their target price on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a report on Friday, January 17th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.78.

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.