Prologis, Inc. (NYSE:PLD) Shares Purchased by BDF Gestion

BDF Gestion increased its stake in Prologis, Inc. (NYSE:PLD) by 6.2% in the fourth quarter, Holdings Channel reports. The firm owned 51,130 shares of the real estate investment trust’s stock after purchasing an additional 2,963 shares during the period. BDF Gestion’s holdings in Prologis were worth $5,404,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Synergy Asset Management LLC purchased a new position in shares of Prologis in the fourth quarter worth about $1,057,000. Hanson & Doremus Investment Management increased its holdings in Prologis by 42.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 623 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 185 shares during the period. Swedbank AB raised its position in Prologis by 1.8% during the 4th quarter. Swedbank AB now owns 4,602,779 shares of the real estate investment trust’s stock worth $486,514,000 after buying an additional 80,575 shares during the last quarter. Stonegate Investment Group LLC lifted its stake in Prologis by 1.1% during the 4th quarter. Stonegate Investment Group LLC now owns 570,343 shares of the real estate investment trust’s stock valued at $60,285,000 after acquiring an additional 6,362 shares during the period. Finally, Perigon Wealth Management LLC boosted its holdings in shares of Prologis by 24.1% in the 4th quarter. Perigon Wealth Management LLC now owns 7,812 shares of the real estate investment trust’s stock valued at $867,000 after acquiring an additional 1,518 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research reports. Wolfe Research decreased their target price on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Royal Bank of Canada upped their target price on Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Monday. Raymond James reaffirmed an “outperform” rating and set a $125.00 target price (down from $130.00) on shares of Prologis in a report on Wednesday, December 11th. Mizuho decreased their price target on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $120.00 to $104.00 in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.72.

Prologis Trading Down 0.7 %

Shares of PLD opened at $119.35 on Thursday. Prologis, Inc. has a 52-week low of $100.82 and a 52-week high of $135.76. The stock has a market cap of $110.53 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09. The firm’s fifty day moving average is $110.73 and its two-hundred day moving average is $118.41. The company has a quick ratio of 0.43, a current ratio of 0.23 and a debt-to-equity ratio of 0.53.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 annualized dividend and a yield of 3.22%. Prologis’s dividend payout ratio is presently 96.00%.

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.