Prologis, Inc. (NYSE:PLD) Stock Holdings Lowered by Optas LLC

Optas LLC cut its position in Prologis, Inc. (NYSE:PLD) by 17.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,964 shares of the real estate investment trust’s stock after selling 404 shares during the quarter. Optas LLC’s holdings in Prologis were worth $208,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB raised its holdings in shares of Prologis by 267.9% during the third quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock valued at $236,879,000 after buying an additional 1,365,811 shares during the last quarter. Czech National Bank increased its position in Prologis by 6.9% in the 3rd quarter. Czech National Bank now owns 188,618 shares of the real estate investment trust’s stock valued at $23,819,000 after acquiring an additional 12,190 shares during the period. GAMMA Investing LLC raised its stake in Prologis by 27.2% during the 3rd quarter. GAMMA Investing LLC now owns 11,383 shares of the real estate investment trust’s stock valued at $1,437,000 after acquiring an additional 2,434 shares in the last quarter. Everpar Advisors LLC acquired a new position in Prologis during the 3rd quarter worth $218,000. Finally, Miracle Mile Advisors LLC grew its stake in shares of Prologis by 12.1% in the third quarter. Miracle Mile Advisors LLC now owns 16,960 shares of the real estate investment trust’s stock worth $2,142,000 after purchasing an additional 1,831 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PLD shares. BNP Paribas raised shares of Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. Barclays upped their price target on shares of Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Scotiabank dropped their target price on Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. decreased their price target on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $128.78.

Prologis Stock Up 0.5 %

Shares of NYSE:PLD opened at $118.38 on Wednesday. The firm has a 50 day simple moving average of $111.02 and a 200 day simple moving average of $118.33. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23. The company has a market cap of $109.64 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.96 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.24%. Prologis’s dividend payout ratio (DPR) is presently 96.00%.

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.