Prologis, Inc. (NYSE:PLD) Shares Acquired by World Investment Advisors

World Investment Advisors boosted its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 41.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,115 shares of the real estate investment trust's stock after buying an additional 3,284 shares during the period. World Investment Advisors' holdings in Prologis were worth $1,175,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Prologis during the fourth quarter worth about $951,263,000. Raymond James Financial Inc. purchased a new stake in Prologis during the 4th quarter valued at approximately $254,876,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Prologis by 83.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,779,830 shares of the real estate investment trust's stock valued at $399,528,000 after buying an additional 1,723,129 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Prologis by 59.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,584,288 shares of the real estate investment trust's stock worth $272,642,000 after buying an additional 964,454 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Prologis by 395.3% in the fourth quarter. Jennison Associates LLC now owns 1,039,333 shares of the real estate investment trust's stock worth $109,858,000 after buying an additional 829,504 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Scotiabank reiterated a "sector underperform" rating and issued a $97.00 price target (down from $133.00) on shares of Prologis in a report on Monday. UBS Group lifted their target price on Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Robert W. Baird raised their price target on Prologis from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Truist Financial upped their price objective on Prologis from $121.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Royal Bank of Canada raised their target price on shares of Prologis from $125.00 to $128.00 and gave the company a "sector perform" rating in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $126.78.

Prologis Stock Down 4.1 %

Shares of PLD stock traded down $4.07 on Thursday, hitting $94.16. The stock had a trading volume of 5,480,381 shares, compared to its average volume of 4,092,905. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The business has a 50 day moving average price of $114.25 and a 200 day moving average price of $114.48. The company has a market cap of $87.28 billion, a PE ratio of 23.57, a P/E/G ratio of 2.70 and a beta of 1.20. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were paid a dividend of $1.01 per share. The ex-dividend date was Tuesday, March 18th. This is an increase from Prologis's previous quarterly dividend of $0.96. This represents a $4.04 dividend on an annualized basis and a dividend yield of 4.29%. Prologis's dividend payout ratio (DPR) is currently 101.00%.

Insider Activity at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the business'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 completion of the transaction, the executive now directly owns 7,977 shares of the company's stock, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.56% of the stock is currently owned by corporate insiders.

About Prologis

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.