Bessemer Group Inc. increased its holdings in shares of Prologis, Inc. (NYSE:PLD – Free Report) by 8,000.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,595,963 shares of the real estate investment trust’s stock after purchasing an additional 1,576,262 shares during the quarter. Bessemer Group Inc.’s holdings in Prologis were worth $203,741,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of PLD. Nvwm LLC grew its stake in shares of Prologis by 6,069.7% during the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after acquiring an additional 15,235 shares in the last quarter. Foresight Group Ltd Liability Partnership grew its stake in shares of Prologis by 240.1% during the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after acquiring an additional 31,567 shares in the last quarter. National Pension Service grew its stake in shares of Prologis by 2.4% during the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock worth $279,788,000 after acquiring an additional 56,272 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Prologis by 3.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after acquiring an additional 126,613 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Prologis by 10.0% during the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock worth $9,087,000 after acquiring an additional 7,217 shares in the last quarter. 93.50% of the stock is owned by institutional investors.
Prologis Trading Up 0.4%
Shares of Prologis stock opened at $142.53 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $132.89 billion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 3.13 and a beta of 1.33. The business has a fifty day simple moving average of $136.99 and a two-hundred day simple moving average of $132.64. Prologis, Inc. has a 1 year low of $103.02 and a 1 year high of $145.44.
Prologis Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 3.0%. Prologis’s dividend payout ratio (DPR) is presently 107.81%.
Analyst Ratings Changes
PLD has been the subject of several recent analyst reports. Citigroup increased their price objective on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Bank of America increased their price objective on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 20th. Morgan Stanley set a $135.00 price objective on Prologis in a report on Friday, January 16th. Evercore set a $135.00 price objective on Prologis in a report on Friday, April 17th. Finally, Scotiabank increased their price objective on Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.76.
View Our Latest Stock Analysis on Prologis
Prologis Company Profile
Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.
With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.
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