Groupama Asset Managment Has $3.47 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

Groupama Asset Managment decreased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 30.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,966 shares of the real estate investment trust’s stock after selling 14,458 shares during the quarter. Groupama Asset Managment’s holdings in Prologis were worth $3,465,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Bridgewater Associates LP increased its holdings in shares of Prologis by 4.0% in the 3rd quarter. Bridgewater Associates LP now owns 2,676 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 103 shares during the period. Benjamin Edwards Inc. grew its position in Prologis by 736.6% during the third quarter. Benjamin Edwards Inc. now owns 23,641 shares of the real estate investment trust’s stock valued at $2,986,000 after purchasing an additional 20,815 shares in the last quarter. Hilltop Holdings Inc. increased its stake in Prologis by 290.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 32,009 shares of the real estate investment trust’s stock valued at $4,042,000 after buying an additional 23,816 shares during the period. HighTower Advisors LLC lifted its position in Prologis by 19.7% in the 3rd quarter. HighTower Advisors LLC now owns 169,928 shares of the real estate investment trust’s stock worth $21,500,000 after buying an additional 27,923 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Prologis by 145.0% during the 3rd 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 buying an additional 2,138,693 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the business’s 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 transaction, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PLD shares. Scotiabank cut their price objective on Prologis from $134.00 to $133.00 and set a “sector outperform” rating for the company in a report on Monday, January 27th. Wolfe Research cut their price target on Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Mizuho reduced their price target on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada increased their price objective on Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a report on Monday, January 27th. Finally, Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.78.

Prologis Trading Down 0.3 %

Prologis stock opened at $111.49 on Wednesday. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $132.57. 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 market capitalization of $103.33 billion, a PE ratio of 27.87, a PEG ratio of 2.70 and a beta of 1.09. The business’s 50-day simple moving average is $117.67 and its 200-day simple moving average is $115.98.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were given a $1.01 dividend. This is an increase from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a yield of 3.62%. The ex-dividend date was Tuesday, March 18th. Prologis’s payout ratio is currently 101.00%.

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.