ING Groep NV Has $16.73 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

ING Groep NV raised its position in Prologis, Inc. (NYSE:PLDFree Report) by 9.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,509 shares of the real estate investment trust’s stock after acquiring an additional 10,511 shares during the period. ING Groep NV’s holdings in Prologis were worth $16,730,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in Prologis by 6.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,519,324 shares of the real estate investment trust’s stock worth $1,853,633,000 after purchasing an additional 1,034,211 shares during the period. FMR LLC boosted its position in shares of Prologis by 1.2% during the 3rd quarter. FMR LLC now owns 16,224,729 shares of the real estate investment trust’s stock valued at $1,820,577,000 after acquiring an additional 197,693 shares in the last quarter. Northern Trust Corp increased its stake in Prologis by 0.7% in the third quarter. Northern Trust Corp now owns 12,721,262 shares of the real estate investment trust’s stock valued at $1,427,453,000 after acquiring an additional 92,036 shares during the period. Principal Financial Group Inc. raised its position in Prologis by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 12,325,559 shares of the real estate investment trust’s stock worth $1,642,997,000 after purchasing an additional 123,902 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Prologis by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,519,818 shares of the real estate investment trust’s stock worth $1,268,992,000 after purchasing an additional 175,276 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

PLD has been the subject of a number of recent research reports. TheStreet raised Prologis from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Royal Bank of Canada reduced their target price on shares of Prologis from $145.00 to $124.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. UBS Group dropped their target price on shares of Prologis from $151.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Barclays cut their price target on shares of Prologis from $135.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Finally, BMO Capital Markets cut shares of Prologis from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $145.00 to $112.00 in a research note on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.35.

Check Out Our Latest Analysis on PLD

Prologis Trading Up 0.6 %

Shares of PLD traded up $0.71 during trading hours on Friday, hitting $111.50. 3,260,724 shares of the stock traded hands, compared to its average volume of 4,229,148. The business has a fifty day moving average of $117.08 and a 200-day moving average of $122.25. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $103.23 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. Prologis, Inc. has a 1-year low of $96.64 and a 1-year high of $137.52.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Monday, June 17th. Prologis’s dividend payout ratio (DPR) is presently 112.28%.

About Prologis

(Free Report)

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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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