Generali Asset Management SPA SGR Acquires New Stake in Prologis, Inc. (NYSE:PLD)

Generali Asset Management SPA SGR acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 65,766 shares of the real estate investment trust’s stock, valued at approximately $6,951,000.

Several other large investors also recently added to or reduced their stakes in the business. Dunhill Financial LLC lifted its stake in Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 182 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Prologis during the fourth quarter worth about $30,000. Promus Capital LLC bought a new stake in Prologis during the fourth quarter worth about $34,000. Whipplewood Advisors LLC bought a new stake in Prologis during the fourth quarter worth about $34,000. Finally, Asset Planning Inc bought a new stake in shares of Prologis in the 4th quarter valued at about $53,000. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 1.9 %

PLD stock opened at $112.27 on Wednesday. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $132.57. The business’s 50 day moving average price is $117.16 and its two-hundred day moving average price is $117.28. 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 company has a market capitalization of $104.06 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $1.01 per share. This is an increase from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.60%. Prologis’s dividend payout ratio is 101.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PLD shares. Truist Financial boosted their target price on Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada boosted their target price on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research note on Monday, January 27th. Mizuho lowered their target price on Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. BTIG Research lowered their target price on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, UBS Group boosted their target price on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.78.

Insiders Place Their Bets

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was 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. This represents a 57.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

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.