Crestwood Advisors Group LLC Purchases 502 Shares of Prologis, Inc. (NYSE:PLD)

Crestwood Advisors Group LLC boosted its position in Prologis, Inc. (NYSE:PLD) by 28.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,237 shares of the real estate investment trust’s stock after purchasing an additional 502 shares during the period. Crestwood Advisors Group LLC’s holdings in Prologis were worth $236,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc grew its position in Prologis by 29.7% in the 4th quarter. IFP Advisors Inc now owns 4,624 shares of the real estate investment trust’s stock worth $489,000 after purchasing an additional 1,058 shares in the last quarter. Waverton Investment Management Ltd boosted its stake in Prologis by 61.7% in the fourth quarter. Waverton Investment Management Ltd now owns 510,899 shares of the real estate investment trust’s stock valued at $54,010,000 after acquiring an additional 194,923 shares during the last quarter. Dover Advisors LLC boosted its stake in Prologis by 22.5% in the fourth quarter. Dover Advisors LLC now owns 5,336 shares of the real estate investment trust’s stock valued at $564,000 after acquiring an additional 979 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in Prologis by 29.3% in the fourth quarter. Capital Advisors Ltd. LLC now owns 618 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 140 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in Prologis by 30.4% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 45,977 shares of the real estate investment trust’s stock valued at $4,860,000 after acquiring an additional 10,719 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

Shares of NYSE:PLD opened at $122.11 on Thursday. The company’s fifty day moving average price is $113.44 and its 200-day moving average price is $118.02. The firm has a market capitalization of $113.18 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 2.70 and a beta of 1.10. Prologis, Inc. has a one year low of $100.82 and a one 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $1.01 dividend. This is a positive change from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.31%. Prologis’s dividend payout ratio is presently 101.00%.

Insider Transactions at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the transaction, the executive now owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. 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. Wolfe Research dropped their price target on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $120.00 to $104.00 in a research note on Friday, December 6th. Finally, BTIG Research dropped their price target on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.78.

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.