Prologis, Inc. (NYSE:PLD) Shares Sold by Mather Group LLC.

Mather Group LLC. decreased its holdings in Prologis, Inc. (NYSE:PLD) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,260 shares of the real estate investment trust’s stock after selling 202 shares during the quarter. Mather Group LLC.’s holdings in Prologis were worth $556,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Prologis by 534.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust’s stock worth $1,280,928,000 after acquiring an additional 8,545,336 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Prologis by 145.0% in the third quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust’s stock worth $456,320,000 after acquiring an additional 2,138,693 shares in the last quarter. AMF Tjanstepension AB lifted its stake in shares of Prologis by 267.9% in the third quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock worth $236,879,000 after acquiring an additional 1,365,811 shares in the last quarter. Cardano Risk Management B.V. acquired a new position in shares of Prologis in the third quarter worth about $109,579,000. Finally, Jennison Associates LLC lifted its stake in shares of Prologis by 395.3% in the fourth quarter. Jennison Associates LLC now owns 1,039,333 shares of the real estate investment trust’s stock worth $109,858,000 after acquiring an additional 829,504 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barclays boosted their price target on 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 raised Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Robert W. Baird boosted their price objective on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. The Goldman Sachs Group reissued a “neutral” rating and issued a $132.00 price objective (down 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 company a “sector perform” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.78.

Prologis Stock Performance

Shares of PLD stock opened at $118.82 on Thursday. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76. The firm has a market capitalization of $110.05 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. The business has a 50 day simple moving average of $111.07 and a 200 day simple moving average of $118.29. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43.

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 issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is 96.00%.

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.