Prologis, Inc. (NYSE:PLD) is Aew Capital Management L P's 2nd Largest Position

Aew Capital Management L P reduced its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,827,221 shares of the real estate investment trust's stock after selling 214,800 shares during the period. Prologis makes up approximately 9.3% of Aew Capital Management L P's portfolio, making the stock its 2nd biggest position. Aew Capital Management L P owned about 0.20% of Prologis worth $193,137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLD. AMF Tjanstepension AB raised its holdings in Prologis by 267.9% in the 3rd quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust's stock valued at $236,879,000 after buying an additional 1,365,811 shares during the period. Integrated Advisors Network LLC raised its holdings in Prologis by 2.4% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,442 shares of the real estate investment trust's stock valued at $687,000 after buying an additional 126 shares during the period. Financial Advocates Investment Management increased its stake in Prologis by 11.3% during the third quarter. Financial Advocates Investment Management now owns 15,568 shares of the real estate investment trust's stock worth $1,966,000 after purchasing an additional 1,576 shares during the period. HM Payson & Co. increased its stake in Prologis by 20.4% during the third quarter. HM Payson & Co. now owns 589 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 100 shares during the period. Finally, US Bancorp DE increased its stake in Prologis by 3.1% during the third quarter. US Bancorp DE now owns 697,319 shares of the real estate investment trust's stock worth $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 %

PLD traded up $1.11 on Friday, reaching $123.88. The company's stock had a trading volume of 5,562,229 shares, compared to its average volume of 3,851,597. The stock has a 50 day moving average of $114.28 and a two-hundred day moving average of $118.01. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $114.82 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 2.70 and a beta of 1.10. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76.

Prologis Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have issued reports on PLD shares. BTIG Research cut their price target on shares of Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Robert W. Baird boosted their price target on shares of Prologis from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. UBS Group boosted their price target on shares of Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Wolfe Research cut their price target on shares of Prologis from $135.00 to $128.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, BNP Paribas upgraded shares of Prologis to a "strong-buy" rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Prologis currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.78.

Insider Activity at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 directly owns 7,977 shares of the company's stock, valued at $947,188.98. This represents a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

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.