Schroder Investment Management Group Has $157.21 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

Schroder Investment Management Group cut its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,495,847 shares of the real estate investment trust's stock after selling 167,596 shares during the period. Schroder Investment Management Group owned approximately 0.16% of Prologis worth $157,214,000 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 the company. Townsquare Capital LLC lifted its position in shares of Prologis by 12.5% in the third quarter. Townsquare Capital LLC now owns 15,307 shares of the real estate investment trust's stock worth $1,933,000 after purchasing an additional 1,705 shares in the last quarter. Bridgewater Associates LP increased its stake in Prologis by 4.0% in the 3rd quarter. Bridgewater Associates LP now owns 2,676 shares of the real estate investment trust's stock valued at $338,000 after buying an additional 103 shares during the last quarter. Glenmede Trust Co. NA lifted its position in Prologis by 31.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 29,171 shares of the real estate investment trust's stock worth $3,684,000 after buying an additional 6,905 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in shares of Prologis by 46.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 5,973 shares of the real estate investment trust's stock worth $754,000 after buying an additional 1,893 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Prologis by 569.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 414,273 shares of the real estate investment trust's stock valued at $52,314,000 after acquiring an additional 352,412 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

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Insider Activity

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction dated 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 $947,188.98. The trade was a 57.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PLD. BMO Capital Markets downgraded Prologis from a "market perform" rating to an "underperform" rating and decreased their price target for the company from $120.00 to $104.00 in a research note on Friday, December 6th. BNP Paribas raised shares of Prologis to a "strong-buy" rating in a research note on Wednesday, January 22nd. UBS Group upped their price target on shares of Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Truist Financial lifted their price objective on shares of Prologis from $121.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Robert W. Baird boosted their price objective 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Prologis currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.78.

Prologis Stock Performance

Shares of NYSE PLD traded down $2.36 during trading hours on Friday, reaching $99.23. 3,227,911 shares of the stock were exchanged, compared to its average volume of 3,941,023. The firm has a market capitalization of $91.99 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 2.70 and a beta of 1.20. The stock's fifty day simple moving average is $117.27 and its 200 day simple moving average is $115.85. 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 52 week low of $95.74 and a 52 week high of $132.57.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 4.07%. This is an increase from Prologis's previous quarterly dividend of $0.96. Prologis's dividend payout ratio (DPR) is currently 101.00%.

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.