Generali Investments CEE investicni spolecnost a.s. Acquires New Holdings in Prologis, Inc. (NYSE:PLD)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,672 shares of the real estate investment trust's stock, valued at approximately $2,925,000.

Several other institutional investors also recently bought and sold shares of the business. Banco Santander S.A. increased its holdings in Prologis by 88.0% during the fourth quarter. Banco Santander S.A. now owns 4,683 shares of the real estate investment trust's stock valued at $495,000 after buying an additional 2,192 shares during the period. Callan Family Office LLC purchased a new position in Prologis in the fourth quarter worth $429,000. Welch & Forbes LLC grew its holdings in Prologis by 7.7% in the fourth quarter. Welch & Forbes LLC now owns 4,555 shares of the real estate investment trust's stock worth $481,000 after purchasing an additional 325 shares during the last quarter. E Fund Management Co. Ltd. purchased a new position in Prologis in the fourth quarter worth $242,000. Finally, Candriam S.C.A. grew its holdings in Prologis by 15.6% in the fourth quarter. Candriam S.C.A. now owns 114,596 shares of the real estate investment trust's stock worth $12,113,000 after purchasing an additional 15,449 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Raymond James reaffirmed a "market perform" rating on shares of Prologis in a report on Monday, February 3rd. BNP Paribas raised shares of Prologis to a "strong-buy" rating in a report on Wednesday, January 22nd. Barclays lifted their price target on shares of Prologis from $131.00 to $132.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Royal Bank of Canada lifted their price target on shares of Prologis from $125.00 to $128.00 and gave the stock a "sector perform" rating in a report on Monday, January 27th. Finally, BTIG Research dropped their price objective on shares of Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $128.78.

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Insiders Place Their Bets

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. This represents a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company's stock.

Prologis Trading Down 0.3 %

NYSE PLD opened at $119.89 on Friday. The company has a market capitalization of $111.12 billion, a PE ratio of 29.97, a P/E/G ratio of 2.70 and a beta of 1.09. The company has a fifty day moving average of $115.96 and a 200 day moving average of $118.02. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $135.76. 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 company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.37%. This is an increase from Prologis's previous quarterly dividend of $0.96. Prologis's dividend payout ratio is 101.00%.

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.

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