Prologis, Inc. (NYSE:PLD) Shares Sold by KBC Group NV

KBC Group NV lessened its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 51.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 413,237 shares of the real estate investment trust's stock after selling 444,471 shares during the quarter. KBC Group NV's holdings in Prologis were worth $43,679,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PLD. Sunbelt Securities Inc. increased its holdings in Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 224 shares during the last quarter. Dunhill Financial LLC increased its position in shares of Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 182 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of Prologis during the third quarter worth about $48,000. Coastline Trust Co acquired a new stake in shares of Prologis during the third quarter worth about $52,000. Finally, Fortitude Family Office LLC increased its position in shares of Prologis by 120.6% during the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Price Performance

Shares of NYSE:PLD traded down $1.02 during trading on Tuesday, hitting $120.23. 3,494,605 shares of the stock were exchanged, compared to its average volume of 4,804,889. The company has a fifty day moving average price of $110.63 and a two-hundred day moving average price of $118.41. The company has a market cap of $111.35 billion, a PE ratio of 30.06, a P/E/G ratio of 3.19 and a beta of 1.09. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.19%. Prologis's dividend payout ratio is currently 96.00%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on Prologis from $138.00 to $131.00 and set an "overweight" rating on the stock in a research report on Monday, October 21st. Robert W. Baird upgraded Prologis from a "neutral" rating to an "outperform" rating and cut their target price for the stock from $124.00 to $123.00 in a research report on Monday, January 6th. Mizuho lowered 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. Wolfe Research lowered their price target on Prologis from $135.00 to $128.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, BNP Paribas raised Prologis to a "strong-buy" rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Prologis has a consensus rating of "Moderate Buy" and an average price target of $128.72.

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.