Schroder Investment Management Group Has $157.21 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

Schroder Investment Management Group trimmed its holdings in shares of Prologis, Inc. (NYSE:PLD) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,495,847 shares of the real estate investment trust’s stock after selling 167,596 shares during the period. Schroder Investment Management Group owned approximately 0.16% of Prologis worth $157,214,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Prologis in the fourth quarter worth approximately $26,000. Crowley Wealth Management Inc. purchased a new stake in Prologis in the 4th quarter worth approximately $27,000. Centricity Wealth Management LLC acquired a new stake in shares of Prologis during the 4th quarter valued at $30,000. Dunhill Financial LLC grew 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 valued at $33,000 after acquiring an additional 182 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of Prologis in the fourth quarter worth $34,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Down 0.3 %

PLD opened at $110.37 on Monday. 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 stock has a market capitalization of $102.29 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 2.70 and a beta of 1.09. The business has a 50 day moving average of $117.74 and a 200-day moving average of $116.24. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $132.57.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Prologis’s previous quarterly dividend of $0.96. Prologis’s dividend payout ratio (DPR) is presently 101.00%.

Analysts Set New Price Targets

A number of brokerages have commented on PLD. Raymond James restated a “market perform” rating on shares of Prologis in a research note on Monday, February 3rd. BTIG Research cut their price objective on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. UBS Group boosted their target price on shares of Prologis from $121.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. BNP Paribas upgraded shares of Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Scotiabank decreased their price objective on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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 dated Wednesday, February 5th. The shares were 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 $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 SEC, which is available through this hyperlink. 0.50% of the stock is owned by 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.