Asset Management One Co. Ltd. Buys 5,810 Shares of Prologis, Inc. (NYSE:PLD)

Asset Management One Co. Ltd. increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,816,458 shares of the real estate investment trust’s stock after acquiring an additional 5,810 shares during the period. Prologis comprises approximately 0.7% of Asset Management One Co. Ltd.’s investment portfolio, making the stock its 22nd largest holding. Asset Management One Co. Ltd. owned 0.20% of Prologis worth $191,164,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ASB Consultores LLC lifted its stake in Prologis by 3.7% in the third quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 86 shares during the last quarter. CX Institutional raised its holdings in shares of Prologis by 2.7% in the 3rd quarter. CX Institutional now owns 3,347 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 88 shares during the period. Principle Wealth Partners LLC lifted its stake in Prologis by 2.9% in the 4th quarter. Principle Wealth Partners LLC now owns 3,302 shares of the real estate investment trust’s stock valued at $349,000 after purchasing an additional 92 shares during the last quarter. DT Investment Partners LLC grew its holdings in Prologis by 9.8% during the third quarter. DT Investment Partners LLC now owns 1,043 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 93 shares during the period. Finally, Carmel Capital Partners LLC increased its position in Prologis by 2.6% during the third quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust’s stock worth $473,000 after buying an additional 94 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

Prologis stock opened at $121.07 on Friday. 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, Inc. has a one year low of $100.82 and a one year high of $135.76. The firm has a market cap of $112.13 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 2.64 and a beta of 1.10. The stock’s fifty day moving average price is $111.39 and its two-hundred day moving average price is $118.15.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.17%. Prologis’s payout ratio is 96.00%.

Insider Buying and Selling 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 sale, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PLD. BNP Paribas raised Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada raised their price target on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a report on Monday, January 27th. JPMorgan Chase & Co. decreased their price objective on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. UBS Group increased their price objective on shares of Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, BMO Capital Markets downgraded shares of Prologis from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $120.00 to $104.00 in a report on Friday, December 6th. One equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.78.

About Prologis

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.