Edmond DE Rothschild Holding S.A. Boosts Stake in Prologis, Inc. (NYSE:PLD)

Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 26.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,398 shares of the real estate investment trust’s stock after acquiring an additional 3,478 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Prologis were worth $1,733,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in Prologis in the fourth quarter worth approximately $951,263,000. Raymond James Financial Inc. acquired a new position in shares of Prologis in the 4th quarter valued at $254,876,000. Janus Henderson Group PLC grew its holdings in shares of Prologis by 145.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust’s stock worth $456,320,000 after purchasing an additional 2,138,693 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Prologis by 83.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,779,830 shares of the real estate investment trust’s stock worth $399,528,000 after purchasing an additional 1,723,129 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of Prologis by 59.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,584,288 shares of the real estate investment trust’s stock worth $272,642,000 after purchasing an additional 964,454 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Buying and Selling

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the firm’s 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 of the company’s stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

Prologis Stock Down 0.3 %

Prologis stock opened at $111.49 on Wednesday. The stock has a market cap of $103.33 billion, a PE ratio of 27.87, a P/E/G ratio of 2.70 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The stock’s fifty day moving average is $117.67 and its two-hundred day moving average is $115.98. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $132.57.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Tuesday, March 18th. This is a positive change from Prologis’s previous quarterly dividend of $0.96. Prologis’s dividend payout ratio (DPR) is 101.00%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PLD shares. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Raymond James reaffirmed a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. UBS Group boosted their target price on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. BNP Paribas upgraded Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, Wolfe Research dropped their price objective on Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average target price of $128.78.

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.