Van Lanschot Kempen Investment Management N.V. Lowers Position in Prologis, Inc. (NYSE:PLD)

Van Lanschot Kempen Investment Management N.V. reduced its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 222,480 shares of the real estate investment trust's stock after selling 15,019 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Prologis were worth $23,516,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cohen & Steers Inc. raised its stake in Prologis by 3.2% during the 4th quarter. Cohen & Steers Inc. now owns 28,331,750 shares of the real estate investment trust's stock worth $2,994,557,000 after buying an additional 882,529 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Prologis by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 21,372,231 shares of the real estate investment trust's stock worth $2,252,853,000 after purchasing an additional 610,251 shares in the last quarter. FMR LLC increased its stake in Prologis by 11.7% during the 4th quarter. FMR LLC now owns 17,878,397 shares of the real estate investment trust's stock valued at $1,889,747,000 after purchasing an additional 1,875,978 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Prologis by 2.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 16,596,799 shares of the real estate investment trust's stock worth $1,754,282,000 after buying an additional 334,907 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of Prologis by 25.4% in the fourth quarter. Capital Research Global Investors now owns 12,345,523 shares of the real estate investment trust's stock valued at $1,304,922,000 after buying an additional 2,500,761 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on PLD. CJS Securities dropped their price target on shares of Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Scotiabank reaffirmed a "sector underperform" rating and set a $97.00 target price (down previously from $133.00) on shares of Prologis in a research report on Monday, April 7th. Morgan Stanley lowered their price target on Prologis to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. BMO Capital Markets cut their price objective on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Raymond James reiterated a "market perform" rating on shares of Prologis in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $123.32.

Insider Activity

In related news, CIO Joseph Ghazal sold 10,997 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 of the company's stock, valued at approximately $947,188.98. This represents a 57.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.57% of the company's stock.

Prologis Stock Performance

Prologis stock traded down $1.05 during midday trading on Friday, reaching $102.31. The stock had a trading volume of 2,828,184 shares, compared to its average volume of 4,148,129. The firm has a market capitalization of $94.84 billion, a PE ratio of 25.58, a P/E/G ratio of 2.70 and a beta of 1.20. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. The firm's 50-day moving average price is $109.48 and its 200 day moving average price is $112.56.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.04. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The company had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.99 billion. As a group, research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Tuesday, March 18th. This is a positive change from Prologis's previous quarterly dividend of $0.96. Prologis's payout ratio is presently 101.00%.

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.