US Bancorp DE Has $69.36 Million Stake in Prologis, Inc. (NYSE:PLD)

US Bancorp DE cut its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 656,189 shares of the real estate investment trust's stock after selling 41,130 shares during the period. US Bancorp DE owned 0.07% of Prologis worth $69,359,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Dunhill Financial LLC boosted 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 valued at $33,000 after purchasing an additional 182 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in Prologis during the fourth quarter valued at approximately $30,000. Whipplewood Advisors LLC acquired a new position in Prologis during the fourth quarter valued at approximately $34,000. Hara Capital LLC acquired a new position in Prologis during the third quarter valued at approximately $48,000. Finally, Coastline Trust Co acquired a new position in Prologis during the third quarter valued at approximately $52,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of recent analyst reports. Scotiabank cut their price objective on Prologis from $134.00 to $133.00 and set a "sector outperform" rating for the company in a research report on Monday, January 27th. UBS Group raised their price objective on Prologis from $121.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Barclays raised their price objective on Prologis from $131.00 to $132.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. Baird R W raised Prologis from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Finally, BNP Paribas upgraded Prologis to a "strong-buy" rating in a research note on Wednesday, January 22nd. 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.78.

Insider Buying and Selling at Prologis

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total value of $1,305,783.78. Following the sale, the executive now owns 7,977 shares of the company's stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company's stock.

Prologis Price Performance

Prologis stock traded up $1.11 during mid-day trading on Friday, reaching $123.88. 5,562,229 shares of the company were exchanged, compared to its average volume of 3,851,597. The company has a fifty day simple moving average of $114.28 and a 200-day simple moving average of $118.05. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The firm has a market cap of $114.82 billion, a PE ratio of 30.97, a PEG ratio of 2.70 and a beta of 1.10.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Prologis's previous quarterly dividend of $0.96. Prologis's dividend payout ratio (DPR) is 101.00%.

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.