DekaBank Deutsche Girozentrale Has $127.04 Million Position in Prologis, Inc. $PLD

Key Points

• DekaBank Deutsche Girozentrale has reduced its holdings in Prologis, Inc. by 1.7%, owning 1,199,812 shares worth approximately $127.04 million as of the latest SEC filing.
• Prologis recently announced a quarterly dividend of $1.01 per share, representing an annualized dividend yield of 3.2%, with a payout ratio currently at 117.78%.
• Wall Street analysts have set a consensus price target of $123.50 for Prologis shares, with a "Moderate Buy" rating based on various price objectives ranging from $114.00 to $137.00.

DekaBank Deutsche Girozentrale reduced its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,199,812 shares of the real estate investment trust's stock after selling 20,708 shares during the period. DekaBank Deutsche Girozentrale owned 0.13% of Prologis worth $127,043,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PLD. Nuveen LLC acquired a new stake in Prologis during the 1st quarter worth about $1,456,768,000. Valeo Financial Advisors LLC grew its holdings in Prologis by 282.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust's stock worth $433,229,000 after acquiring an additional 2,862,183 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Prologis by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust's stock worth $1,113,994,000 after purchasing an additional 1,146,454 shares in the last quarter. Strs Ohio bought a new position in shares of Prologis during the 1st quarter worth about $98,308,000. Finally, Vanguard Group Inc. boosted its position in shares of Prologis by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust's stock worth $13,564,533,000 after purchasing an additional 869,310 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total value of $2,783,250.00. Following the transaction, the chief accounting officer owned 414 shares in the company, valued at $46,090.62. The trade was a 98.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total value of $111,000.00. Following the completion of the transaction, the director owned 9,829 shares in the company, valued at $1,091,019. The trade was a 9.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock worth $2,952,095 in the last 90 days. Company insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PLD shares. Wells Fargo & Company set a $137.00 price objective on shares of Prologis and gave the stock an "overweight" rating in a research report on Sunday, July 13th. Industrial Alliance Securities set a $119.00 price objective on shares of Prologis in a research report on Monday. Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Scotiabank set a $114.00 price objective on shares of Prologis and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Finally, Barclays cut their price objective on shares of Prologis from $119.00 to $118.00 and set an "overweight" rating on the stock in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.50.

Prologis Price Performance

PLD stock opened at $127.33 on Tuesday. The company has a market capitalization of $118.24 billion, a P/E ratio of 37.12, a price-to-earnings-growth ratio of 3.13 and a beta of 1.28. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.20. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $127.47. The business has a 50-day simple moving average of $113.58 and a two-hundred day simple moving average of $108.28.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.05. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Research analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 16th. Prologis's payout ratio is presently 117.78%.

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.

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.