Annis Gardner Whiting Capital Advisors LLC Acquires 113 Shares of Prologis, Inc. (NYSE:PLD)

Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,871 shares of the real estate investment trust’s stock after acquiring an additional 113 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in Prologis were worth $198,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in PLD. Murphy & Mullick Capital Management Corp bought a new stake in shares of Prologis in the 4th quarter valued at approximately $26,000. Crowley Wealth Management Inc. bought a new stake in Prologis in the fourth quarter valued at $27,000. Centricity Wealth Management LLC acquired a new position in 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 valued at $33,000 after acquiring an additional 182 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Prologis in the 4th quarter valued at $34,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of NYSE PLD opened at $98.10 on Friday. 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 firm 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. The company has a fifty day moving average price of $116.86 and a 200 day moving average price of $115.64. Prologis, Inc. has a 1-year low of $95.34 and a 1-year high of $132.57.

Prologis Increases Dividend

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

Wall Street Analysts Forecast Growth

PLD has been the subject of several recent analyst reports. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Scotiabank cut their price objective on Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Monday, January 27th. Robert W. Baird increased their target price on Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. UBS Group raised their target price on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, BTIG Research reduced their price target on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $128.78.

Insider Buying and Selling

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 currently owned by corporate insiders.

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.