Prologis, Inc. (NYSE:PLD) Stock Holdings Lifted by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 319,821 shares of the real estate investment trust's stock after purchasing an additional 14,159 shares during the period. UniSuper Management Pty Ltd's holdings in Prologis were worth $33,805,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PLD. Empirical Asset Management LLC boosted its position in Prologis by 339.0% in the 4th quarter. Empirical Asset Management LLC now owns 68,584 shares of the real estate investment trust's stock valued at $7,249,000 after buying an additional 52,963 shares during the last quarter. Cardano Risk Management B.V. boosted its holdings 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 valued at $94,391,000 after purchasing an additional 25,266 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Prologis by 29.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 784,360 shares of the real estate investment trust's stock valued at $82,907,000 after purchasing an additional 179,880 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in Prologis during the 3rd quarter valued at approximately $1,051,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Prologis by 1.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 728,921 shares of the real estate investment trust's stock worth $92,048,000 after purchasing an additional 9,147 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Transactions at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction dated 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 transaction, the executive now directly owns 7,977 shares of the company's stock, valued at $947,188.98. The trade was a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.50% of the company's stock.

Prologis Price Performance

Shares of PLD stock traded up $0.12 during midday trading on Monday, reaching $110.57. 889,846 shares of the company were exchanged, compared to its average volume of 3,903,269. The company's 50 day moving average price is $117.74 and its two-hundred day moving average price is $116.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The company has a market cap of $102.49 billion, a P/E ratio of 27.59, a PEG ratio of 2.70 and a beta of 1.09. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $132.57.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $1.01 per share. The ex-dividend date is Tuesday, March 18th. This is a boost from Prologis's previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a dividend yield of 3.65%. Prologis's dividend payout ratio (DPR) is 101.00%.

Analyst Ratings Changes

A number of research firms have recently weighed in on PLD. Royal Bank of Canada raised their price target on shares of Prologis from $125.00 to $128.00 and gave the stock a "sector perform" rating in a research report on Monday, January 27th. BMO Capital Markets downgraded Prologis from a "market perform" rating to an "underperform" rating and decreased their price target for the stock from $120.00 to $104.00 in a research note on Friday, December 6th. UBS Group upped their price objective on Prologis from $121.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Mizuho decreased their target price on Prologis from $119.00 to $117.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Finally, Truist Financial upped their price target on Prologis from $121.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Prologis presently has an average rating of "Moderate Buy" and a consensus target price of $128.78.

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.