Commerzbank Aktiengesellschaft FI Boosts Stock Holdings in Prologis, Inc. (NYSE:PLD)

Commerzbank Aktiengesellschaft FI lifted its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 51.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,622 shares of the real estate investment trust's stock after purchasing an additional 8,649 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Prologis were worth $2,693,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PLD. Nicola Wealth Management LTD. grew its position in Prologis by 3.3% in the fourth quarter. Nicola Wealth Management LTD. now owns 162,545 shares of the real estate investment trust's stock valued at $18,270,000 after acquiring an additional 5,127 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Prologis by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,402,731 shares of the real estate investment trust's stock valued at $1,099,569,000 after purchasing an additional 173,531 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Prologis by 6.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 29,576 shares of the real estate investment trust's stock valued at $3,126,000 after purchasing an additional 1,723 shares during the last quarter. Meridian Wealth Management LLC increased its position in Prologis by 5.7% during the 4th quarter. Meridian Wealth Management LLC now owns 3,897 shares of the real estate investment trust's stock worth $412,000 after purchasing an additional 209 shares in the last quarter. Finally, Sage Rhino Capital LLC lifted its stake in Prologis by 7.1% in the 4th quarter. Sage Rhino Capital LLC now owns 2,026 shares of the real estate investment trust's stock valued at $214,000 after purchasing an additional 134 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Scotiabank lowered their price target on shares of Prologis from $134.00 to $133.00 and set a "sector outperform" rating for the company in a report on Monday, January 27th. Barclays upped their target price on Prologis from $131.00 to $132.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. UBS Group lifted their price target on Prologis from $121.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Mizuho reduced their price target on Prologis from $119.00 to $117.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Finally, BNP Paribas upgraded shares of Prologis to a "strong-buy" rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $128.78.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the stock in a transaction that occurred on 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 transaction, the executive now owns 7,977 shares in the company, valued at $947,188.98. This represents a 57.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company's stock.

Prologis Stock Down 1.8 %

Prologis stock traded down $2.25 during mid-day trading on Thursday, reaching $121.79. The stock had a trading volume of 641,850 shares, compared to its average volume of 3,753,108. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76. The company has a 50-day moving average price of $115.40 and a two-hundred day moving average price of $118.03. The company has a market capitalization of $112.88 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 2.70 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a $1.01 dividend. This is a positive change from Prologis's previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a yield of 3.32%. Prologis's payout ratio is 101.00%.

Prologis 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.