Prologis, Inc. (NYSE:PLD) Stock Holdings Lifted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Prologis, Inc. (NYSE:PLD) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,076 shares of the real estate investment trust’s stock after purchasing an additional 20,926 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Prologis were worth $30,767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB boosted its stake in shares of Prologis by 267.9% during the 3rd quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock worth $236,879,000 after acquiring an additional 1,365,811 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Prologis by 31.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,517 shares of the real estate investment trust’s stock worth $570,000 after acquiring an additional 1,079 shares in the last quarter. CWM LLC boosted its stake in shares of Prologis by 6.6% during the 3rd quarter. CWM LLC now owns 20,255 shares of the real estate investment trust’s stock worth $2,558,000 after acquiring an additional 1,257 shares in the last quarter. Marcum Wealth LLC boosted its stake in shares of Prologis by 18.7% during the 3rd quarter. Marcum Wealth LLC now owns 6,462 shares of the real estate investment trust’s stock worth $816,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of Prologis by 14.6% during the 3rd quarter. Wedmont Private Capital now owns 5,569 shares of the real estate investment trust’s stock worth $668,000 after acquiring an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Transactions at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction 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 in the company, valued at $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 available at this link. 0.56% of the stock is owned by corporate insiders.

Prologis Stock Down 0.3 %

Shares of PLD opened at $118.48 on Friday. The firm has a market capitalization of $109.73 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.66 and a beta of 1.10. 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 business’s fifty day moving average price is $111.09 and its two-hundred day moving average price is $118.30. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.96 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.24%. Prologis’s dividend payout ratio is currently 96.00%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. BNP Paribas upgraded Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. Barclays upped their price target on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. UBS Group increased 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. Baird R W upgraded Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Robert W. Baird increased their target price on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average target price 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.