Livforsakringsbolaget Skandia Omsesidigt Trims Position in Prologis, Inc. (NYSE:PLD)

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in shares of Prologis, Inc. (NYSE:PLD) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,224 shares of the real estate investment trust’s stock after selling 200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Prologis were worth $764,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Prologis by 7.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 291,076 shares of the real estate investment trust’s stock worth $30,767,000 after purchasing an additional 20,926 shares in the last quarter. Consolidated Portfolio Review Corp raised its stake in Prologis by 61.8% in the fourth quarter. Consolidated Portfolio Review Corp now owns 5,428 shares of the real estate investment trust’s stock worth $574,000 after buying an additional 2,074 shares in the last quarter. Telos Capital Management Inc. lifted its holdings in Prologis by 2.0% in the fourth quarter. Telos Capital Management Inc. now owns 9,094 shares of the real estate investment trust’s stock worth $961,000 after buying an additional 181 shares during the period. State of Alaska Department of Revenue boosted its position in Prologis by 0.9% during the 4th quarter. State of Alaska Department of Revenue now owns 553,928 shares of the real estate investment trust’s stock valued at $58,549,000 after acquiring an additional 4,696 shares in the last quarter. Finally, YANKCOM Partnership bought a new stake in Prologis during the 4th quarter valued at approximately $819,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Baird R W upgraded Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. UBS Group raised their price objective on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. BTIG Research reduced their target price on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Mizuho lowered their price target on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, BNP Paribas raised shares of Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. 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. Based on data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $128.78.

Prologis Trading Down 1.0 %

Shares of NYSE:PLD opened at $117.39 on Friday. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $135.76. The stock’s fifty day moving average price is $111.10 and its 200-day moving average price is $118.30. The company has a market cap of $108.72 billion, a P/E ratio of 29.35, a PEG ratio of 2.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date was Monday, December 16th. Prologis’s payout ratio is presently 96.00%.

Insider Transactions at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of the stock in a transaction that occurred 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 in the company, valued at $947,188.98. This represents a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

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.