TCW Group Inc. Has $6.65 Million Position in Prologis, Inc. (NYSE:PLD)

TCW Group Inc. lessened its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,950 shares of the real estate investment trust's stock after selling 8,691 shares during the quarter. TCW Group Inc.'s holdings in Prologis were worth $6,654,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PLD. ASB Consultores LLC lifted its holdings in Prologis by 3.7% during the 3rd quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust's stock worth $306,000 after buying an additional 86 shares during the last quarter. Principle Wealth Partners LLC raised its position in shares of Prologis by 2.9% during the 4th quarter. Principle Wealth Partners LLC now owns 3,302 shares of the real estate investment trust's stock valued at $349,000 after acquiring an additional 92 shares in the last quarter. Carmel Capital Partners LLC lifted its stake in Prologis by 2.6% during the third quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust's stock worth $473,000 after purchasing an additional 94 shares during the last quarter. Berkshire Bank boosted its holdings in Prologis by 2.3% in the fourth quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust's stock worth $443,000 after purchasing an additional 95 shares during the period. Finally, HM Payson & Co. increased its stake in Prologis by 20.4% during the third quarter. HM Payson & Co. now owns 589 shares of the real estate investment trust's stock valued at $74,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Prologis Price Performance

PLD stock traded up $0.75 on Thursday, hitting $122.91. 2,293,294 shares of the company's stock traded hands, compared to its average volume of 3,806,582. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The stock has a market cap of $113.92 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 2.70 and a beta of 1.10. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $135.76. The stock has a fifty day moving average of $113.44 and a 200-day moving average of $118.02.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $1.01 per share. The ex-dividend date is Tuesday, March 18th. This is a positive change from Prologis's previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a dividend yield of 3.29%. Prologis's dividend payout ratio (DPR) is currently 101.00%.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of recent research reports. BTIG Research reduced their price target on shares of Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Mizuho cut their target price on shares of Prologis from $119.00 to $117.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Wolfe Research lowered their target price on Prologis from $135.00 to $128.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Baird R W upgraded Prologis from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Finally, Barclays raised their target price on Prologis from $131.00 to $132.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.78.

Insider Buying and Selling

In other news, CIO Joseph Ghazal sold 10,997 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was 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 $947,188.98. This represents a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.56% of the company's stock.

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.