BI Asset Management Fondsmaeglerselskab A S Has $11.78 Million Holdings in Prologis, Inc. (NYSE:PLD)

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 75.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,470 shares of the real estate investment trust's stock after acquiring an additional 47,869 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Prologis were worth $11,782,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PLD. Murphy & Mullick Capital Management Corp acquired a new position in Prologis in the fourth quarter valued at about $26,000. Crowley Wealth Management Inc. bought a new stake in shares of Prologis in the 4th quarter valued at about $27,000. Centricity Wealth Management LLC acquired a new stake in shares of Prologis in the 4th quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new position in Prologis during the 4th quarter worth approximately $34,000. Finally, Promus Capital LLC bought a new stake in Prologis in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Performance

NYSE:PLD traded up $1.60 on Wednesday, hitting $101.55. The company's stock had a trading volume of 6,910,066 shares, compared to its average volume of 4,152,871. 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, Inc. has a one year low of $85.35 and a one year high of $132.57. The stock has a fifty day moving average of $110.59 and a two-hundred day moving average of $112.87. The firm has a market capitalization of $94.13 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 2.70 and a beta of 1.20.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, March 18th. This is an increase from Prologis's previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a yield of 3.98%. Prologis's dividend payout ratio (DPR) is 101.00%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PLD. Baird R W upgraded shares of Prologis from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. BTIG Research lowered their target price on Prologis from $154.00 to $134.00 and set a "buy" rating for the company in a research note on Friday, January 17th. UBS Group lifted their price target on shares of Prologis from $121.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Raymond James restated a "market perform" rating on shares of Prologis in a report on Monday, February 3rd. Finally, Royal Bank of Canada increased their target price on Prologis from $125.00 to $128.00 and gave the stock a "sector perform" rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $123.32.

Insider Transactions at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction that occurred 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 completion of the sale, the executive now directly owns 7,977 shares of the company's stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.57% of the company's stock.

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.