Prologis, Inc. (NYSE:PLD) Shares Purchased by National Pension Service

National Pension Service increased its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,671,326 shares of the real estate investment trust's stock after buying an additional 44,472 shares during the quarter. National Pension Service owned 0.18% of Prologis worth $222,788,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thompson Investment Management Inc. purchased a new position in shares of Prologis in the fourth quarter worth approximately $28,000. Salem Investment Counselors Inc. purchased a new position in shares of Prologis in the fourth quarter worth approximately $37,000. FNY Investment Advisers LLC purchased a new position in shares of Prologis in the fourth quarter worth approximately $39,000. Bogart Wealth LLC boosted its holdings in shares of Prologis by 170.9% in the fourth quarter. Bogart Wealth LLC now owns 317 shares of the real estate investment trust's stock worth $42,000 after buying an additional 200 shares during the last quarter. Finally, Webster Bank N. A. boosted its holdings in shares of Prologis by 3,600.0% in the fourth quarter. Webster Bank N. A. now owns 333 shares of the real estate investment trust's stock worth $44,000 after buying an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Wall Street Analyst Weigh In

PLD has been the topic of a number of research reports. Morgan Stanley raised their price objective on shares of Prologis from $128.00 to $141.00 and gave the stock an "overweight" rating in a report on Wednesday, January 24th. The Goldman Sachs Group lowered their price target on shares of Prologis from $163.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, April 22nd. Raymond James lifted their price target on shares of Prologis from $130.00 to $145.00 and gave the company a "strong-buy" rating in a report on Wednesday, January 24th. TheStreet raised shares of Prologis from a "c+" rating to a "b-" rating in a report on Friday, January 26th. Finally, StockNews.com downgraded shares of Prologis from a "hold" rating to a "sell" rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.12.

Prologis Price Performance

PLD traded up $2.27 during trading hours on Thursday, hitting $108.15. The company's stock had a trading volume of 4,208,545 shares, compared to its average volume of 3,566,747. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.51. Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52. The stock has a market cap of $100.13 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 2.20 and a beta of 1.05. The business's 50-day moving average price is $120.50 and its 200-day moving average price is $121.78.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.55%. Prologis's dividend payout ratio (DPR) is 112.28%.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.