Aew Capital Management L P Has $325.58 Million Holdings in Prologis, Inc. (NYSE:PLD)

Aew Capital Management L P trimmed its position in Prologis, Inc. (NYSE:PLD) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,442,434 shares of the real estate investment trust’s stock after selling 2,780 shares during the period. Prologis makes up approximately 11.9% of Aew Capital Management L P’s holdings, making the stock its biggest holding. Aew Capital Management L P owned 0.26% of Prologis worth $325,576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Thompson Investment Management Inc. bought a new stake in shares of Prologis during the 4th quarter worth about $28,000. FinTrust Capital Advisors LLC increased its stake in shares of Prologis by 966.7% in the third quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 232 shares during the period. Salem Investment Counselors Inc. acquired a new position in Prologis in the 4th quarter valued at approximately $37,000. FNY Investment Advisers LLC purchased a new stake in shares of Prologis in the fourth quarter worth $39,000. Finally, Valley National Advisers Inc. increased its stake in Prologis by 178.6% during the 3rd quarter. Valley National Advisers Inc. now owns 390 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 250 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Evercore ISI reduced their price objective on Prologis from $136.00 to $123.00 and set an “in-line” rating for the company in a report on Thursday, April 18th. UBS Group reduced their price target on shares of Prologis from $151.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Barclays decreased their price objective on Prologis from $141.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. TheStreet raised shares of Prologis from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Finally, StockNews.com lowered shares of Prologis from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.24.

Prologis Stock Up 0.7 %

NYSE:PLD traded up $0.68 during mid-day trading on Friday, hitting $104.03. The company had a trading volume of 4,037,573 shares, compared to its average volume of 3,483,233. The business has a fifty day simple moving average of $125.06 and a 200-day simple moving average of $121.86. Prologis, Inc. has a 1 year low of $96.64 and a 1 year high of $137.52. The company has a current ratio of 0.08, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $96.23 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 2.14 and a beta of 1.00.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were issued a dividend of $0.96 per share. This is a boost from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend was Friday, March 15th. Prologis’s dividend payout ratio (DPR) is currently 112.28%.

Prologis Profile

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.