Rothschild Investment LLC Sells 155 Shares of Prologis, Inc. (NYSE:PLD)

Rothschild Investment LLC decreased its position in Prologis, Inc. (NYSE:PLD) by 5.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,656 shares of the real estate investment trust’s stock after selling 155 shares during the period. Rothschild Investment LLC’s holdings in Prologis were worth $281,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PLD. Empirical Asset Management LLC grew its stake in shares of Prologis by 339.0% in the fourth quarter. Empirical Asset Management LLC now owns 68,584 shares of the real estate investment trust’s stock worth $7,249,000 after purchasing an additional 52,963 shares during the last quarter. Cardano Risk Management B.V. grew its stake in shares of Prologis by 2.9% in the fourth quarter. Cardano Risk Management B.V. now owns 893,009 shares of the real estate investment trust’s stock worth $94,391,000 after purchasing an additional 25,266 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new stake in shares of Prologis in the 3rd quarter worth approximately $1,051,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Prologis in the 3rd quarter worth approximately $7,371,000. Finally, Red Cedar Investment Management LLC bought a new stake in shares of Prologis in the 3rd quarter worth approximately $1,230,000. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PLD. Truist Financial lifted their price target on shares of Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada lifted their target price on shares of Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research note on Monday, January 27th. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. BNP Paribas raised shares of Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, BTIG Research cut their price objective on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.78.

Prologis Stock Performance

Shares of Prologis stock opened at $122.69 on Wednesday. The firm’s 50-day moving average is $113.07 and its 200 day moving average is $117.99. The stock has a market cap of $113.72 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 2.70 and a beta of 1.10. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $135.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a $1.01 dividend. The ex-dividend date is Tuesday, March 18th. This is a boost from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a yield of 3.29%. Prologis’s dividend payout ratio is 101.00%.

Insider Activity at Prologis

In related 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 transaction, the executive now directly owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. This represents a 57.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by insiders.

About Prologis

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.