Forsta AP Fonden Sells 9,900 Shares of Prologis, Inc. (NYSE:PLD)

Forsta AP Fonden decreased its position in shares of Prologis, Inc. (NYSE:PLDFree Report) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,223 shares of the real estate investment trust’s stock after selling 9,900 shares during the quarter. Forsta AP Fonden’s holdings in Prologis were worth $21,375,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Dunhill Financial LLC lifted its stake in shares of Prologis by 239.5% in the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 182 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 224 shares during the last quarter. Hara Capital LLC bought a new position in Prologis in the 3rd quarter valued at about $48,000. Coastline Trust Co acquired a new position in Prologis during the 3rd quarter valued at about $52,000. Finally, Fortitude Family Office LLC increased its holdings in Prologis by 120.6% during the 3rd quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 240 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Price Performance

Shares of NYSE:PLD opened at $120.23 on Wednesday. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The stock has a market cap of $111.35 billion, a P/E ratio of 30.06, a P/E/G ratio of 3.19 and a beta of 1.09. The company has a 50 day moving average of $110.73 and a 200 day moving average of $118.41.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.96 dividend. The ex-dividend date was Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.19%. Prologis’s payout ratio is currently 96.00%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PLD. Raymond James reaffirmed an “outperform” rating and set a $125.00 price objective (down from $130.00) on shares of Prologis in a report on Wednesday, December 11th. Mizuho decreased their price objective on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Robert W. Baird raised Prologis from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $124.00 to $123.00 in a research report on Monday, January 6th. Finally, Wolfe Research lowered their price objective on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.72.

Check Out Our Latest Stock Analysis on Prologis

Prologis Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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