Prologis, Inc. (NYSE:PLD) Shares Sold by Rise Advisors LLC

Rise Advisors LLC lessened its position in shares of Prologis, Inc. (NYSE:PLD) by 18.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 498 shares of the real estate investment trust’s stock after selling 109 shares during the quarter. Rise Advisors LLC’s holdings in Prologis were worth $53,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Prologis by 534.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust’s stock valued at $1,280,928,000 after purchasing an additional 8,545,336 shares during the period. Janus Henderson Group PLC lifted its position in shares of Prologis by 145.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust’s stock valued at $456,320,000 after buying an additional 2,138,693 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Prologis in the 2nd quarter valued at $203,223,000. AMF Tjanstepension AB increased its holdings in Prologis by 267.9% in the 3rd quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock worth $236,879,000 after acquiring an additional 1,365,811 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Prologis by 326.3% during the second quarter. Federated Hermes Inc. now owns 1,774,932 shares of the real estate investment trust’s stock worth $199,343,000 after acquiring an additional 1,358,542 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. BMO Capital Markets lowered Prologis from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $120.00 to $104.00 in a research note on Friday, December 6th. The Goldman Sachs Group reiterated a “neutral” rating and set a $132.00 price target (down from $142.00) on shares of Prologis in a research report on Monday, October 21st. Truist Financial lowered their target price on shares of Prologis from $137.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Finally, Robert W. Baird upgraded shares of Prologis from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $124.00 to $123.00 in a research report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Prologis Trading Down 0.2 %

Shares of Prologis stock traded down $0.25 during trading hours on Tuesday, hitting $106.41. The company’s stock had a trading volume of 1,517,586 shares, compared to its average volume of 3,416,612. The stock has a market cap of $98.55 billion, a price-to-earnings ratio of 32.15, a P/E/G ratio of 3.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The firm has a fifty day moving average of $111.66 and a 200-day moving average of $118.64.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.29). Prologis had a return on equity of 5.34% and a net margin of 39.08%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the business earned $1.30 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts forecast that Prologis, Inc. will post 5.45 EPS for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is 116.01%.

Prologis 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.