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Institutional investors like Welch & Forbes increased stakes in Prologis, as the logistics firm raised its dividend.
Prologis, a major logistics real estate firm, saw increased stock holdings by institutional investors like Welch & Forbes LLC, which raised its stake by 7.7%, while others like Davis Selected Advisers decreased holdings.
Prologis has a market cap of $111.12 billion and recently boosted its quarterly dividend to $1.01, up from $0.96, with a dividend yield of 3.37%.
The company owns or invests in properties totaling about 1.2 billion square feet across 19 countries.
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Los inversores institucionales como Welch & Forbes aumentaron las participaciones en Prologis, a medida que la empresa de logística aumentó su dividendo.