Prologis, Inc. (NYSE:PLD) Stock Position Lessened by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC lowered its position in Prologis, Inc. (NYSE:PLD) by 12.3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,287,476 shares of the real estate investment trust’s stock after selling 180,154 shares during the period. Prologis comprises about 2.4% of Cbre Investment Management Listed Real Assets LLC’s investment portfolio, making the stock its 10th biggest position. Cbre Investment Management Listed Real Assets LLC’s holdings in Prologis were worth $136,086,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. ASB Consultores LLC increased its holdings in shares of Prologis by 3.7% in the third quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 86 shares during the period. Principle Wealth Partners LLC increased its holdings in shares of Prologis by 2.9% in the fourth quarter. Principle Wealth Partners LLC now owns 3,302 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 92 shares during the period. Black Diamond Financial LLC increased its stake in Prologis by 2.2% in the fourth quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust’s stock valued at $449,000 after acquiring an additional 93 shares during the last quarter. Carmel Capital Partners LLC increased its stake in Prologis by 2.6% in the third quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust’s stock valued at $473,000 after acquiring an additional 94 shares during the last quarter. Finally, Berkshire Bank increased its stake in Prologis by 2.3% in the fourth quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust’s stock valued at $443,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Prologis stock opened at $121.97 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average of $115.01 and a 200-day moving average of $117.99. The firm has a market cap of $113.05 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.70 and a beta of 1.10. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $135.76.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $1.01 per share. This is a positive change from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Tuesday, March 18th. Prologis’s dividend payout ratio is currently 101.00%.

Insider Transactions at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the stock in a transaction dated 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 completion of the sale, the executive now directly owns 7,977 shares in the company, valued at approximately $947,188.98. This represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of research analyst reports. Barclays increased their target price on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Robert W. Baird increased their target price on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Scotiabank reduced their target price on Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Monday, January 27th. Wolfe Research reduced their target price on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, BTIG Research reduced their target price on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.78.

Prologis 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.