Prologis, Inc. (NYSE:PLD) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC lessened its position in shares of Prologis, Inc. (NYSE:PLD) by 4.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,462 shares of the real estate investment trust’s stock after selling 907 shares during the period. Kintegral Advisory LLC’s holdings in Prologis were worth $2,057,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PLD. AMF Tjanstepension AB increased its holdings in Prologis by 267.9% in 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 buying an additional 1,365,811 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Prologis by 9,354.5% during the 3rd quarter. International Assets Investment Management LLC now owns 434,908 shares of the real estate investment trust’s stock worth $54,920,000 after acquiring an additional 430,308 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Prologis by 14.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 28,534 shares of the real estate investment trust’s stock valued at $3,603,000 after acquiring an additional 3,614 shares during the last quarter. Values First Advisors Inc. acquired a new stake in shares of Prologis during the 3rd quarter worth about $169,000. Finally, Busey Bank lifted its stake in Prologis by 2.7% during the third quarter. Busey Bank now owns 3,888 shares of the real estate investment trust’s stock worth $491,000 after purchasing an additional 102 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Scotiabank dropped their price target on shares of Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Monday, January 27th. Truist Financial increased their target price on shares of Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Raymond James reissued a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. Robert W. Baird raised their price objective on Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, BTIG Research reduced their target price on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.78.

Prologis Stock Up 0.1 %

Shares of Prologis stock opened at $121.01 on Friday. Prologis, Inc. has a one year low of $100.82 and a one year high of $135.76. The company has a market cap of $112.16 billion, a P/E ratio of 30.25, a PEG ratio of 2.70 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The firm has a fifty day moving average of $112.56 and a two-hundred day moving average of $118.01.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a $1.01 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a yield of 3.34%. This is an increase from Prologis’s previous quarterly dividend of $0.96. Prologis’s dividend payout ratio (DPR) is presently 96.00%.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total value of $1,305,783.78. Following the completion of the sale, the executive now directly owns 7,977 shares of the company’s stock, valued at $947,188.98. This trade represents a 57.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

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.