Robeco Institutional Asset Management B.V. Increases Stake in Prologis, Inc. (NYSE:PLD)

Robeco Institutional Asset Management B.V. lifted its position in Prologis, Inc. (NYSE:PLD - Free Report) by 34.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 662,303 shares of the real estate investment trust's stock after acquiring an additional 167,960 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.07% of Prologis worth $74,039,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Aviva PLC lifted its position in shares of Prologis by 36.6% during the fourth quarter. Aviva PLC now owns 695,187 shares of the real estate investment trust's stock worth $73,481,000 after purchasing an additional 186,187 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Prologis by 29.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 784,360 shares of the real estate investment trust's stock valued at $82,907,000 after acquiring an additional 179,880 shares in the last quarter. Allstate Corp increased its holdings in shares of Prologis by 111.7% in the 4th quarter. Allstate Corp now owns 74,518 shares of the real estate investment trust's stock valued at $7,877,000 after acquiring an additional 39,321 shares during the period. First Citizens Bank & Trust Co. raised its position in shares of Prologis by 1,451.2% in the 1st quarter. First Citizens Bank & Trust Co. now owns 31,180 shares of the real estate investment trust's stock worth $3,486,000 after acquiring an additional 29,170 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Prologis by 3.1% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,506 shares of the real estate investment trust's stock worth $615,000 after purchasing an additional 167 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of recent research reports. Mizuho reduced their target price on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, April 11th. CJS Securities reduced their price objective on shares of Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. Scotiabank raised their target price on shares of Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a research note on Monday, May 12th. Morgan Stanley decreased their price target on Prologis to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, Wolfe Research downgraded shares of Prologis from an "outperform" rating to a "peer perform" rating in a research note on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.42.

Prologis Stock Performance

Prologis stock opened at $104.45 on Friday. The firm has a 50 day simple moving average of $106.14 and a 200-day simple moving average of $109.55. The stock has a market cap of $96.93 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. On average, analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be given a dividend of $1.01 per share. The ex-dividend date is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.87%. Prologis's payout ratio is currently 101.00%.

Prologis Company 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.

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