Prologis, Inc. (NYSE:PLD) Shares Sold by Virtu Financial LLC

Virtu Financial LLC lessened its stake in Prologis, Inc. (NYSE:PLD) by 75.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,594 shares of the real estate investment trust’s stock after selling 8,083 shares during the quarter. Virtu Financial LLC’s holdings in Prologis were worth $346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Columbia Trust Co 01012016 lifted its holdings in shares of Prologis by 16.0% in the 4th quarter. Columbia Trust Co 01012016 now owns 5,240 shares of the real estate investment trust’s stock valued at $698,000 after buying an additional 723 shares during the period. Janney Capital Management LLC lifted its holdings in shares of Prologis by 18.8% in the 4th quarter. Janney Capital Management LLC now owns 23,872 shares of the real estate investment trust’s stock valued at $3,182,000 after buying an additional 3,773 shares during the period. Cyndeo Wealth Partners LLC raised its holdings in Prologis by 39.4% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 42,005 shares of the real estate investment trust’s stock worth $5,599,000 after purchasing an additional 11,882 shares during the period. Atalanta Sosnoff Capital LLC acquired a new position in Prologis in the 4th quarter worth about $18,551,000. Finally, DNB Asset Management AS raised its holdings in Prologis by 17.1% in the 4th quarter. DNB Asset Management AS now owns 287,505 shares of the real estate investment trust’s stock worth $38,324,000 after purchasing an additional 42,073 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Robert W. Baird reduced their price target on Prologis from $137.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. JPMorgan Chase & Co. reduced their price target on Prologis from $143.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. The Goldman Sachs Group reduced their price target on Prologis from $163.00 to $140.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Mizuho reduced their price target on Prologis from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Finally, Royal Bank of Canada reduced their price target on Prologis from $145.00 to $124.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Five 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.76.

Prologis Trading Down 1.1 %

Shares of Prologis stock opened at $110.05 on Thursday. The firm has a market capitalization of $101.89 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 2.48 and a beta of 1.07. Prologis, Inc. has a fifty-two week low of $96.64 and a fifty-two week high of $137.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a 50 day moving average of $108.34 and a 200 day moving average of $122.29.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a $0.96 dividend. The ex-dividend date is Monday, June 17th. This represents a $3.84 annualized dividend and a yield of 3.49%. Prologis’s payout ratio is 112.28%.

About Prologis

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.