Prologis, Inc. (NYSE:PLD) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 166,736 shares of the real estate investment trust's stock after selling 3,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Prologis were worth $17,624,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Prologis by 534.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust's stock valued at $1,280,928,000 after purchasing an additional 8,545,336 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Prologis by 145.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust's stock worth $456,320,000 after purchasing an additional 2,138,693 shares during the last quarter. AMF Tjanstepension AB lifted its stake 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 in the last quarter. Cardano Risk Management B.V. purchased a new stake in Prologis in the 3rd quarter valued at approximately $109,579,000. Finally, Jennison Associates LLC grew its holdings in Prologis by 395.3% during the 4th quarter. Jennison Associates LLC now owns 1,039,333 shares of the real estate investment trust's stock valued at $109,858,000 after buying an additional 829,504 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Insider Activity

In related news, CIO Joseph Ghazal sold 10,997 shares of the firm's 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 completion of the sale, the executive now directly owns 7,977 shares of the company's stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.56% of the company's stock.

Prologis Stock Down 0.4 %

Shares of PLD stock traded down $0.50 during trading hours on Wednesday, reaching $122.11. The company had a trading volume of 2,324,897 shares, compared to its average volume of 3,847,481. The company has a market capitalization of $113.18 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 2.70 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The stock's fifty day simple moving average is $113.07 and its 200 day simple moving average is $117.99.

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. This is an increase from Prologis's previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, March 18th. This represents a $4.04 annualized dividend and a yield of 3.31%. Prologis's dividend payout ratio (DPR) is 101.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PLD shares. UBS Group upped their price objective on Prologis from $121.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. BMO Capital Markets lowered shares of Prologis from a "market perform" rating to an "underperform" rating and cut their price objective for the company from $120.00 to $104.00 in a research report on Friday, December 6th. Robert W. Baird upped their price objective on shares of Prologis from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Scotiabank decreased their target price on shares of Prologis from $134.00 to $133.00 and set a "sector outperform" rating on the stock in a research report on Monday, January 27th. Finally, BTIG Research dropped their price target on shares of Prologis from $154.00 to $134.00 and set a "buy" rating for the company in a research report on Friday, January 17th. One 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $128.78.

Prologis 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.