Prologis, Inc. (NYSE:PLD) Shares Sold by Dakota Wealth Management

Dakota Wealth Management cut its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 34.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,839 shares of the real estate investment trust's stock after selling 5,077 shares during the quarter. Dakota Wealth Management's holdings in Prologis were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp raised its position in shares of Prologis by 1.4% in the 3rd quarter. State Street Corp now owns 57,413,342 shares of the real estate investment trust's stock worth $7,250,157,000 after acquiring an additional 767,609 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Prologis by 0.9% during the third quarter. Geode Capital Management LLC now owns 20,761,980 shares of the real estate investment trust's stock valued at $2,612,395,000 after buying an additional 194,472 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Prologis by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,229,200 shares of the real estate investment trust's stock valued at $1,291,743,000 after acquiring an additional 441,841 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Prologis by 534.7% during 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 purchasing an additional 8,545,336 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Prologis by 145.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust's stock worth $456,320,000 after buying an additional 2,138,693 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLD has been the subject of a number of research reports. Truist Financial reduced their target price on shares of Prologis from $132.00 to $121.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Robert W. Baird upgraded shares of Prologis from a "neutral" rating to an "outperform" rating and lowered their target price for the stock from $124.00 to $123.00 in a research note on Monday, January 6th. BMO Capital Markets cut Prologis from a "market perform" rating to an "underperform" rating and lowered their price target for the company from $120.00 to $104.00 in a report on Friday, December 6th. BTIG Research dropped their price objective on shares of Prologis from $154.00 to $134.00 and set a "buy" rating for the company in a report on Friday, January 17th. Finally, Scotiabank cut their target price on Prologis from $136.00 to $134.00 and set a "sector outperform" rating for the company in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $128.67.

Prologis Trading Up 0.3 %

Shares of NYSE PLD traded up $0.36 during trading on Friday, hitting $118.90. 4,165,829 shares of the company were exchanged, compared to its average volume of 4,053,838. 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 firm has a market capitalization of $110.12 billion, a PE ratio of 29.73, a P/E/G ratio of 3.19 and a beta of 1.09. The company has a fifty day moving average price of $110.49 and a 200-day moving average price of $118.37. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76.

Prologis Announces Dividend

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 dividend yield of 3.23%. The ex-dividend date of this dividend was Monday, December 16th. Prologis's dividend payout ratio (DPR) is currently 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.