Prologis, Inc. (NYSE:PLD) Stock Holdings Increased by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. raised its holdings in shares of Prologis, Inc. (NYSE:PLD) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,368 shares of the real estate investment trust’s stock after buying an additional 529 shares during the period. Analyst IMS Investment Management Services Ltd.’s holdings in Prologis were worth $462,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mondrian Investment Partners LTD grew its holdings in shares of Prologis by 30.1% in the 4th quarter. Mondrian Investment Partners LTD now owns 840,390 shares of the real estate investment trust’s stock worth $88,829,000 after acquiring an additional 194,616 shares during the last quarter. Impact Capital Partners LLC acquired a new position in shares of Prologis in the 4th quarter valued at $1,205,000. Stelac Advisory Services LLC increased its stake in Prologis by 21.4% in the 4th quarter. Stelac Advisory Services LLC now owns 167,957 shares of the real estate investment trust’s stock worth $17,753,000 after purchasing an additional 29,562 shares in the last quarter. Tredje AP fonden increased its stake in Prologis by 68.6% in the 4th quarter. Tredje AP fonden now owns 391,625 shares of the real estate investment trust’s stock worth $41,395,000 after purchasing an additional 159,356 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Prologis during the 4th quarter worth about $11,308,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 4.8 %

PLD stock opened at $110.17 on Friday. The firm has a market cap of $102.11 billion, a PE ratio of 27.54, a PEG ratio of 2.70 and a beta of 1.09. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $133.18. The company has a fifty day simple moving average of $116.77 and a 200 day simple moving average of $117.72. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Tuesday, March 18th. This is an increase from Prologis’s previous quarterly dividend of $0.96. Prologis’s dividend payout ratio is 101.00%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Raymond James reiterated a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. BNP Paribas upgraded shares of Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. Barclays increased their target price on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Royal Bank of Canada lifted 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and a consensus target price of $128.78.

Insider Activity

In related 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 value of $1,305,783.78. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by insiders.

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.