Prologis, Inc. (NYSE:PLD) Holdings Trimmed by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 82.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,863 shares of the real estate investment trust's stock after selling 118,386 shares during the quarter. SG Americas Securities LLC's holdings in Prologis were worth $2,628,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Prologis by 534.7% during 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 worth $1,280,928,000 after purchasing an additional 8,545,336 shares during the last quarter. Janus Henderson Group PLC raised its stake in Prologis by 145.0% during the third quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust's stock valued at $456,320,000 after buying an additional 2,138,693 shares in the last quarter. AMF Tjanstepension AB lifted its holdings in Prologis by 267.9% during the 3rd quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust's stock worth $236,879,000 after buying an additional 1,365,811 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Prologis by 547.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,034,000 shares of the real estate investment trust's stock worth $116,129,000 after buying an additional 874,411 shares during the last quarter. Finally, Cardano Risk Management B.V. acquired a new position in shares of Prologis in the 3rd quarter worth approximately $109,579,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

Prologis stock traded up $0.36 during trading hours on Friday, hitting $118.90. 4,165,829 shares of the company traded hands, compared to its average volume of 4,053,838. The firm's 50-day simple moving average is $110.49 and its two-hundred day simple moving average is $118.39. The company has a quick ratio of 0.43, a current ratio of 0.23 and a debt-to-equity ratio of 0.53. The firm has a market cap of $110.12 billion, a P/E ratio of 29.73, a P/E/G ratio of 3.19 and a beta of 1.09. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $135.76.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 annualized dividend and a yield of 3.23%. Prologis's payout ratio is 96.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PLD shares. Truist Financial reduced their price objective on Prologis from $132.00 to $121.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. The Goldman Sachs Group restated a "neutral" rating and issued a $132.00 price target (down from $142.00) on shares of Prologis in a research report on Monday, October 21st. Scotiabank decreased their price target on shares of Prologis from $136.00 to $134.00 and set a "sector outperform" rating for the company in a report on Wednesday, December 4th. BMO Capital Markets lowered shares of Prologis from a "market perform" rating to an "underperform" rating and dropped their price objective for the stock from $120.00 to $104.00 in a research note on Friday, December 6th. Finally, BNP Paribas upgraded Prologis to a "strong-buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $128.67.

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.