Robeco Institutional Asset Management B.V. Sells 16,326 Shares of Prologis, Inc. (NYSE:PLD)

Robeco Institutional Asset Management B.V. cut its holdings in Prologis, Inc. (NYSE:PLD) by 3.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 494,343 shares of the real estate investment trust’s stock after selling 16,326 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Prologis were worth $52,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. ASB Consultores LLC boosted its holdings in shares of Prologis by 3.7% in the third quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust’s stock worth $306,000 after acquiring an additional 86 shares during the period. CX Institutional boosted its stake in Prologis by 2.7% in the 3rd quarter. CX Institutional now owns 3,347 shares of the real estate investment trust’s stock worth $423,000 after purchasing an additional 88 shares during the period. DT Investment Partners LLC boosted its stake in Prologis by 9.8% in the 3rd quarter. DT Investment Partners LLC now owns 1,043 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 93 shares during the period. Carmel Capital Partners LLC grew its holdings in Prologis by 2.6% during the 3rd quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 94 shares in the last quarter. Finally, Berkshire Bank increased its position in shares of Prologis by 2.3% during the fourth quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust’s stock valued at $443,000 after buying an additional 95 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Trading Down 0.7 %

Shares of PLD opened at $119.35 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The firm has a 50 day moving average price of $110.73 and a 200-day moving average price of $118.41. The firm has a market cap of $110.53 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 3.19 and a beta of 1.09.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.96 per share. The ex-dividend date was Monday, December 16th. This represents a $3.84 annualized dividend and a yield of 3.22%. Prologis’s payout ratio is 96.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PLD shares. Scotiabank cut their price objective on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Monday. The Goldman Sachs Group restated a “neutral” rating and set a $132.00 price target (down from $142.00) on shares of Prologis in a research report on Monday, October 21st. Raymond James reiterated an “outperform” rating and issued a $125.00 price objective (down previously from $130.00) on shares of Prologis in a research report on Wednesday, December 11th. BTIG Research reduced their target price on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered their price target on Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $128.72.

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.