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

Robeco Institutional Asset Management B.V. reduced its holdings in Prologis, Inc. (NYSE:PLD) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 494,343 shares of the real estate investment trust’s stock after selling 16,326 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.05% of Prologis worth $52,252,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Prologis by 534.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust’s stock valued at $1,280,928,000 after buying an additional 8,545,336 shares in the last quarter. Janus Henderson Group PLC grew its stake in Prologis by 145.0% in the third quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust’s stock valued at $456,320,000 after acquiring an additional 2,138,693 shares during the period. AMF Tjanstepension AB increased its holdings in shares of Prologis by 267.9% during the third quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock valued at $236,879,000 after acquiring an additional 1,365,811 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Prologis by 547.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,034,000 shares of the real estate investment trust’s stock worth $116,129,000 after purchasing an additional 874,411 shares during the period. Finally, Cardano Risk Management B.V. bought a new position in shares of Prologis in the 3rd quarter worth $109,579,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Down 0.7 %

Prologis stock opened at $119.35 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.23 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $110.53 billion, a P/E ratio of 29.84, a P/E/G ratio of 3.19 and a beta of 1.09. The firm has a 50 day moving average price of $110.73 and a 200-day moving average price of $118.41. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76.

Prologis Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Mizuho decreased their price target on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Wolfe Research decreased their target price on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Raymond James restated an “outperform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Prologis in a report on Wednesday, December 11th. Royal Bank of Canada lifted their price target on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, BMO Capital Markets downgraded Prologis from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $120.00 to $104.00 in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $128.72.

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.