Achmea Investment Management B.V. Sells 6,066 Shares of Prologis, Inc. (NYSE:PLD)

Achmea Investment Management B.V. lowered its holdings in shares of Prologis, Inc. (NYSE:PLD) by 15.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 33,541 shares of the real estate investment trust’s stock after selling 6,066 shares during the period. Achmea Investment Management B.V.’s holdings in Prologis were worth $3,546,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dunhill Financial LLC grew its holdings in Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 182 shares during the period. Centricity Wealth Management LLC acquired a new position in shares of Prologis in the fourth quarter valued at approximately $30,000. Promus Capital LLC acquired a new position in shares of Prologis in the fourth quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new position in shares of Prologis in the fourth quarter valued at approximately $34,000. Finally, Coastline Trust Co acquired a new position in shares of Prologis in the third quarter valued at approximately $52,000. Institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PLD. UBS Group boosted their price target on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Wolfe Research cut their target price on Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Truist Financial upped their target price on Prologis from $121.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barclays upped their target price on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Baird R W upgraded Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.78.

Prologis Price Performance

PLD stock opened at $111.98 on Friday. The stock has a market capitalization of $103.79 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09. The company’s 50-day moving average is $116.89 and its 200-day moving average is $117.61. 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, Inc. has a 1 year low of $100.82 and a 1 year high of $132.57.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Prologis’s previous quarterly dividend of $0.96. Prologis’s dividend payout ratio is 101.00%.

Insider Transactions at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the stock in a transaction dated 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 $947,188.98. This represents a 57.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.50% of the company’s stock.

Prologis 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.