Prologis, Inc. (NYSE:PLD) Shares Sold by LRI Investments LLC

LRI Investments LLC decreased its holdings in Prologis, Inc. (NYSE:PLD) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,714 shares of the real estate investment trust’s stock after selling 385 shares during the quarter. LRI Investments LLC’s holdings in Prologis were worth $1,353,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geller Advisors LLC boosted its stake in shares of Prologis by 14.7% during the 3rd quarter. Geller Advisors LLC now owns 3,497 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 448 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Prologis by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,738,435 shares of the real estate investment trust’s stock worth $219,530,000 after acquiring an additional 6,495 shares in the last quarter. EWA LLC raised its holdings in shares of Prologis by 6.8% during the 3rd quarter. EWA LLC now owns 1,814 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 116 shares during the period. Groupama Asset Managment lifted its position in shares of Prologis by 53.8% during the third quarter. Groupama Asset Managment now owns 47,424 shares of the real estate investment trust’s stock worth $5,989,000 after purchasing an additional 16,581 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in Prologis by 2.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,433,584 shares of the real estate investment trust’s stock valued at $181,033,000 after buying an additional 28,633 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the topic of a number of research analyst reports. Evercore ISI increased their target price on Prologis from $124.00 to $128.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Scotiabank cut their target price on Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a research report on Wednesday, December 4th. Morgan Stanley boosted their target price on shares of Prologis from $132.00 to $133.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. Truist Financial decreased their target price on Prologis from $137.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Bank of America reissued a “neutral” rating and set a $128.00 target price on shares of Prologis in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.13.

Prologis Trading Down 1.6 %

PLD opened at $112.00 on Monday. Prologis, Inc. has a twelve month low of $101.11 and a twelve month high of $137.52. The stock has a market capitalization of $103.73 billion, a price-to-earnings ratio of 33.84, a P/E/G ratio of 3.27 and a beta of 1.07. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56. The company has a 50-day simple moving average of $117.57 and a 200 day simple moving average of $118.93.

Prologis (NYSE:PLD) last issued its quarterly earnings data 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 business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm earned $1.30 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts predict that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.84 annualized dividend and a yield of 3.43%. 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.