Vinva Investment Management Ltd Boosts Holdings in Prologis, Inc. (NYSE:PLD)

Vinva Investment Management Ltd raised its position in shares of Prologis, Inc. (NYSE:PLD) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,320 shares of the real estate investment trust’s stock after acquiring an additional 4,157 shares during the period. Vinva Investment Management Ltd’s holdings in Prologis were worth $5,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Centricity Wealth Management LLC purchased a new stake in shares of Prologis during the 4th quarter worth approximately $30,000. Dunhill Financial LLC raised its holdings in shares of Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 182 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Prologis during the 4th quarter worth approximately $34,000. Promus Capital LLC bought a new position in shares of Prologis during the 4th quarter valued at approximately $34,000. Finally, Asset Planning Inc bought a new position in shares of Prologis during the 4th quarter valued at approximately $53,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Price Performance

PLD opened at $113.03 on Thursday. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $132.57. 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 business’s fifty day simple moving average is $117.31 and its 200-day simple moving average is $117.25. The company has a market capitalization of $104.77 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 2.70 and a beta of 1.09.

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. This is an increase from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.57%. Prologis’s dividend payout ratio is presently 101.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PLD shares. Royal Bank of Canada boosted their target price on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research report on Monday, January 27th. Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Raymond James reissued a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. UBS Group boosted their target price on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, Robert W. Baird boosted their target price on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $128.78.

Insider Transactions at Prologis

In related 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 in the company, valued at $947,188.98. This represents a 57.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

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.