Swedbank AB Buys 80,575 Shares of Prologis, Inc. (NYSE:PLD)

Swedbank AB grew its position in Prologis, Inc. (NYSE:PLD - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,602,779 shares of the real estate investment trust's stock after purchasing an additional 80,575 shares during the quarter. Prologis makes up approximately 0.6% of Swedbank AB's portfolio, making the stock its 28th largest holding. Swedbank AB owned 0.50% of Prologis worth $486,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLD. Sunbelt Securities Inc. grew its holdings in Prologis by 640.0% during the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 224 shares during the period. Dunhill Financial LLC increased its position in Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust's stock worth $33,000 after buying an additional 182 shares during the last quarter. Hara Capital LLC acquired a new stake in Prologis during the third quarter worth approximately $48,000. Coastline Trust Co bought a new stake in shares of Prologis in the third quarter valued at about $52,000. Finally, Fortitude Family Office LLC increased its stake in Prologis by 120.6% during the 3rd quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 240 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Trading Down 0.7 %

Shares of Prologis stock traded down $0.86 on Wednesday, reaching $119.35. 2,758,130 shares of the company were exchanged, compared to its average volume of 4,691,180. The stock has a fifty day moving average price of $110.73 and a 200-day moving average price of $118.41. The firm has a market capitalization of $110.53 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid 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 3.22%. Prologis's payout ratio is 96.00%.

Analyst Ratings Changes

PLD has been the subject of a number of recent research reports. BTIG Research lowered their target price on Prologis from $154.00 to $134.00 and set a "buy" rating for the company in a report on Friday, January 17th. Robert W. Baird raised shares of Prologis from a "neutral" rating to an "outperform" rating and dropped their price objective for the company from $124.00 to $123.00 in a research note on Monday, January 6th. BNP Paribas raised shares of Prologis to a "strong-buy" rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their price target on shares of Prologis from $138.00 to $131.00 and set an "overweight" rating on the stock in a report on Monday, October 21st. Finally, Barclays increased their target price on Prologis from $131.00 to $132.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. One 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.72.

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.