Robeco Institutional Asset Management B.V. Trims Stock Holdings in Prologis, Inc. (NYSE:PLD)

Robeco Institutional Asset Management B.V. lessened its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 494,343 shares of the real estate investment trust's stock after selling 16,326 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Prologis worth $52,252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Empirical Asset Management LLC grew its stake in shares of Prologis by 339.0% in the fourth quarter. Empirical Asset Management LLC now owns 68,584 shares of the real estate investment trust's stock worth $7,249,000 after purchasing an additional 52,963 shares during the last quarter. Sunflower Bank N.A. purchased a new position in shares of Prologis during the third quarter valued at approximately $249,000. Cardano Risk Management B.V. lifted its stake in Prologis by 2.9% in the fourth quarter. Cardano Risk Management B.V. now owns 893,009 shares of the real estate investment trust's stock worth $94,391,000 after acquiring an additional 25,266 shares during the period. Coronation Fund Managers Ltd. purchased a new position in Prologis during the 2nd quarter valued at $878,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in Prologis by 2.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,199,812 shares of the real estate investment trust's stock worth $149,116,000 after purchasing an additional 29,400 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. BTIG Research cut their target price 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. Raymond James reissued an "outperform" rating and issued a $125.00 target price (down previously from $130.00) on shares of Prologis in a research report on Wednesday, December 11th. BMO Capital Markets cut Prologis from a "market perform" rating to an "underperform" rating and reduced their price target for the stock from $120.00 to $104.00 in a research note on Friday, December 6th. Royal Bank of Canada boosted their target price on shares of Prologis from $125.00 to $128.00 and gave the company a "sector perform" rating in a report on Monday. Finally, Barclays increased their price target on shares of Prologis from $131.00 to $132.00 and gave the stock an "overweight" rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $128.72.

Prologis Stock Performance

NYSE PLD traded up $2.61 during trading hours on Thursday, hitting $121.78. The company's stock had a trading volume of 338,823 shares, compared to its average volume of 4,453,063. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76. The company's 50 day simple moving average is $110.83 and its two-hundred day simple moving average is $118.42. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43. The company has a market cap of $112.79 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09.

Prologis Dividend Announcement

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 dividend on an annualized basis and a yield of 3.15%. Prologis's dividend payout ratio (DPR) is 96.00%.

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.