Global Wealth Management Investment Advisory Inc. Boosts Holdings in Prologis, Inc. (NYSE:PLD)

Global Wealth Management Investment Advisory Inc. boosted its position in shares of Prologis, Inc. (NYSE:PLD) by 25.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,532 shares of the real estate investment trust’s stock after purchasing an additional 1,116 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Prologis were worth $585,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PLD. Dunhill Financial LLC grew 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 buying an additional 182 shares during the last quarter. Hara Capital LLC bought a new stake in shares of Prologis in the 3rd quarter worth $48,000. Coastline Trust Co purchased a new position in shares of Prologis in the third quarter worth $52,000. Fortitude Family Office LLC lifted its holdings in shares of Prologis by 120.6% during the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 240 shares in the last quarter. Finally, Reston Wealth Management LLC bought a new position in shares of Prologis during the third quarter valued at $70,000. 93.50% of the stock is currently owned by institutional investors.

Insider Activity at Prologis

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the company’s stock in a transaction that occurred on 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 directly owns 7,977 shares in the company, valued at $947,188.98. This represents a 57.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is owned by corporate insiders.

Prologis Trading Down 1.0 %

Shares of PLD stock opened at $117.39 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23. The stock has a fifty day simple moving average of $111.11 and a two-hundred day simple moving average of $118.18. The firm has a market capitalization of $108.72 billion, a PE ratio of 29.35, a PEG ratio of 2.64 and a beta of 1.10. Prologis, Inc. has a 52-week low of $100.82 and a 52-week high of $135.76.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio is currently 96.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Mizuho decreased their target price on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Barclays boosted their price objective on shares of Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Scotiabank dropped their target price on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Monday, January 27th. 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 research note on Tuesday, January 28th. Finally, Truist Financial raised their price target on Prologis from $121.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.