Quintet Private Bank Europe S.A. Raises Stake in Prologis, Inc. (NYSE:PLD)

Quintet Private Bank Europe S.A. increased its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 102.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,173 shares of the real estate investment trust's stock after purchasing an additional 7,677 shares during the period. Quintet Private Bank Europe S.A.'s holdings in Prologis were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PLD. ASB Consultores LLC lifted its position in shares of Prologis by 3.7% during the 3rd quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust's stock worth $306,000 after buying an additional 86 shares during the last quarter. Principle Wealth Partners LLC lifted its holdings in shares of Prologis by 2.9% in the fourth quarter. Principle Wealth Partners LLC now owns 3,302 shares of the real estate investment trust's stock worth $349,000 after acquiring an additional 92 shares during the last quarter. Black Diamond Financial LLC boosted its stake in shares of Prologis by 2.2% in the 4th quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust's stock valued at $449,000 after purchasing an additional 93 shares in the last quarter. Carmel Capital Partners LLC grew its holdings in shares of Prologis by 2.6% during the 3rd quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust's stock valued at $473,000 after purchasing an additional 94 shares during the last quarter. Finally, Berkshire Bank lifted its stake in Prologis by 2.3% in the 4th quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust's stock valued at $443,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Prologis Stock Down 0.4 %

Shares of NYSE PLD traded down $0.44 during midday trading on Monday, hitting $123.48. 3,183,952 shares of the stock traded hands, compared to its average volume of 3,834,906. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76. The business has a 50 day moving average price of $114.28 and a two-hundred day moving average price of $118.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The company has a market cap of $114.45 billion, a PE ratio of 30.87, a P/E/G ratio of 2.70 and a beta of 1.10.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 3.27%. This is a positive change 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 (DPR) is 101.00%.

Insider Activity at Prologis

In other Prologis 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 transaction of $1,305,783.78. Following the transaction, the executive now directly owns 7,977 shares of the company's stock, valued at $947,188.98. The trade was a 57.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

PLD has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of Prologis from $125.00 to $128.00 and gave the stock a "sector perform" rating in a research note on Monday, January 27th. UBS Group upped their target price on Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Truist Financial lifted their price target on Prologis from $121.00 to $123.00 and gave the company a "buy" rating in a research note on Monday, January 27th. BTIG Research reduced their target price 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. Finally, BNP Paribas raised shares of Prologis to a "strong-buy" rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Prologis currently has an average rating of "Moderate Buy" and an average target price of $128.78.

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.