Prologis, Inc. (NYSE:PLD) Stock Position Increased by Vert Asset Management LLC

Vert Asset Management LLC lifted its stake in Prologis, Inc. (NYSE:PLD) by 12.1% in the fourth quarter, HoldingsChannel reports. The firm owned 182,621 shares of the real estate investment trust’s stock after acquiring an additional 19,750 shares during the quarter. Prologis makes up about 6.6% of Vert Asset Management LLC’s investment portfolio, making the stock its 5th biggest position. Vert Asset Management LLC’s holdings in Prologis were worth $19,303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Prologis by 534.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust’s stock worth $1,280,928,000 after acquiring an additional 8,545,336 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Prologis by 145.0% in the third quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust’s stock valued at $456,320,000 after acquiring an additional 2,138,693 shares in the last quarter. AMF Tjanstepension AB grew its holdings in shares of Prologis by 267.9% during the third quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock worth $236,879,000 after purchasing an additional 1,365,811 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Prologis by 547.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,034,000 shares of the real estate investment trust’s stock worth $116,129,000 after purchasing an additional 874,411 shares in the last quarter. Finally, Cardano Risk Management B.V. purchased a new stake in shares of Prologis in the 3rd quarter valued at about $109,579,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their price target on Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Robert W. Baird upgraded Prologis from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $124.00 to $123.00 in a research note on Monday, January 6th. Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Scotiabank cut their target price on Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Monday. Finally, BNP Paribas upgraded Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $128.78.

Prologis Trading Up 2.0 %

Prologis stock opened at $121.29 on Tuesday. The stock has a 50-day moving average price of $110.49 and a 200 day moving average price of $118.41. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76. The stock has a market cap of $112.33 billion, a PE ratio of 30.32, a P/E/G ratio of 3.19 and a beta of 1.09. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.17%. Prologis’s dividend payout ratio (DPR) is currently 96.00%.

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.