Stanley Laman Group Ltd. Sells 1,491 Shares of Prologis, Inc. (NYSE:PLD)

Stanley Laman Group Ltd. reduced its position in Prologis, Inc. (NYSE:PLD) by 6.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,557 shares of the real estate investment trust’s stock after selling 1,491 shares during the period. Stanley Laman Group Ltd.’s holdings in Prologis were worth $2,490,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Empirical Asset Management LLC raised its stake in Prologis by 339.0% in the 4th quarter. Empirical Asset Management LLC now owns 68,584 shares of the real estate investment trust’s stock valued at $7,249,000 after acquiring an additional 52,963 shares during the period. Cardano Risk Management B.V. grew its holdings in Prologis by 2.9% during the 4th quarter. Cardano Risk Management B.V. now owns 893,009 shares of the real estate investment trust’s stock valued at $94,391,000 after buying an additional 25,266 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Prologis by 2.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,199,812 shares of the real estate investment trust’s stock valued at $149,116,000 after buying an additional 29,400 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new position in Prologis during the 3rd quarter valued at about $1,051,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Prologis during the 3rd quarter valued at about $7,371,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Price Performance

Shares of PLD stock opened at $119.81 on Thursday. The stock has a market cap of $110.96 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 2.64 and a beta of 1.10. The business’s fifty day moving average is $111.29 and its 200 day moving average is $118.14. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.96 dividend. The ex-dividend date was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.21%. Prologis’s dividend payout ratio is currently 96.00%.

Insider Transactions at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the sale, the executive now directly owns 7,977 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PLD shares. Scotiabank reduced their target price on Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a report on Monday, January 27th. Robert W. Baird lifted their target price on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. BNP Paribas raised Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group reissued a “neutral” rating and set a $132.00 price objective (down previously from $142.00) on shares of Prologis in a report on Monday, October 21st. Finally, Royal Bank of Canada boosted their price objective on Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a report on Monday, January 27th. 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. According to data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

Prologis Company 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.