Prologis, Inc. (NYSE:PLD) Stock Holdings Boosted by Metis Global Partners LLC

Metis Global Partners LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 167,848 shares of the real estate investment trust's stock after buying an additional 12,631 shares during the quarter. Prologis makes up 0.5% of Metis Global Partners LLC's investment portfolio, making the stock its 27th largest position. Metis Global Partners LLC's holdings in Prologis were worth $17,742,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PLD. AMF Tjanstepension AB grew its holdings in Prologis by 267.9% in the third quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust's stock valued at $236,879,000 after purchasing an additional 1,365,811 shares during the period. Integrated Advisors Network LLC grew its holdings in Prologis by 2.4% in the third quarter. Integrated Advisors Network LLC now owns 5,442 shares of the real estate investment trust's stock valued at $687,000 after purchasing an additional 126 shares during the period. Financial Advocates Investment Management grew its holdings in Prologis by 11.3% in the third quarter. Financial Advocates Investment Management now owns 15,568 shares of the real estate investment trust's stock valued at $1,966,000 after purchasing an additional 1,576 shares during the period. HM Payson & Co. grew its holdings in Prologis by 20.4% in the third quarter. HM Payson & Co. now owns 589 shares of the real estate investment trust's stock valued at $74,000 after purchasing an additional 100 shares during the period. Finally, US Bancorp DE grew its holdings in Prologis by 3.1% in the third quarter. US Bancorp DE now owns 697,319 shares of the real estate investment trust's stock valued at $88,058,000 after purchasing an additional 20,986 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Up 0.9 %

Shares of NYSE:PLD traded up $1.11 during midday trading on Friday, reaching $123.88. The company had a trading volume of 5,562,229 shares, compared to its average volume of 3,851,597. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The stock's fifty day moving average price is $114.28 and its 200-day moving average price is $118.01. The stock has a market capitalization of $114.82 billion, a P/E ratio of 30.97, a PEG ratio of 2.70 and a beta of 1.10. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Prologis's previous quarterly dividend of $0.96. Prologis's payout ratio is 101.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PLD shares. Wolfe Research lowered their target price on shares of Prologis from $135.00 to $128.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Truist Financial boosted their target price on shares of Prologis from $121.00 to $123.00 and gave the company a "buy" rating in a report on Monday, January 27th. Mizuho reduced their price target on shares of Prologis from $119.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Raymond James reaffirmed a "market perform" rating on shares of Prologis in a research report on Monday, February 3rd. Finally, Baird R W raised shares of Prologis from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Prologis has an average rating of "Moderate Buy" and an average price target of $128.78.

Insider Buying and Selling

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

About Prologis

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.