Prologis, Inc. (NYSE:PLD) Shares Sold by Groupama Asset Managment

Groupama Asset Managment trimmed its holdings in shares of Prologis, Inc. (NYSE:PLD) by 30.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,966 shares of the real estate investment trust’s stock after selling 14,458 shares during the period. Groupama Asset Managment’s holdings in Prologis were worth $3,465,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PLD. Murphy & Mullick Capital Management Corp acquired a new stake in Prologis during the fourth quarter worth about $26,000. Crowley Wealth Management Inc. acquired a new stake in shares of Prologis during the 4th quarter worth approximately $27,000. Centricity Wealth Management LLC bought a new stake in shares of Prologis in the 4th quarter worth approximately $30,000. Dunhill Financial LLC boosted its position in 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 purchasing an additional 182 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in Prologis during the 4th quarter worth $34,000. 93.50% of the stock is currently owned by institutional investors.

Insider Activity

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the business’s stock in a transaction dated 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 sale, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on PLD shares. Scotiabank dropped their price objective on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Monday, January 27th. Mizuho reduced their price objective on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird increased their price objective on Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. BNP Paribas raised Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. 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, Prologis has an average rating of “Moderate Buy” and a consensus price target of $128.78.

Prologis Trading Down 0.3 %

Shares of NYSE:PLD opened at $111.49 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The stock has a market capitalization of $103.33 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 2.70 and a beta of 1.09. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $132.57. The company has a 50 day moving average price of $117.67 and a 200 day moving average price of $115.98.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, March 18th. This is a positive change from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.62%. Prologis’s payout ratio is 101.00%.

Prologis 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.