Prologis, Inc. (NYSE:PLD) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lessened its stake in Prologis, Inc. (NYSE:PLD) by 19.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,813 shares of the real estate investment trust’s stock after selling 698 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Prologis were worth $297,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Semmax Financial Advisors Inc. purchased a new position in shares of Prologis in the second quarter valued at $27,000. Sunbelt Securities Inc. boosted its position in Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 224 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of Prologis during the second quarter valued at about $31,000. Dunhill Financial LLC increased its position in shares of 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 acquiring an additional 182 shares during the last quarter. Finally, Hara Capital LLC acquired a new position in shares of Prologis in the third quarter worth about $48,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 1.0 %

Prologis stock opened at $105.53 on Thursday. 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 one year low of $100.82 and a one year high of $135.76. The company has a 50-day simple moving average of $111.28 and a 200-day simple moving average of $118.53. The firm has a market capitalization of $97.74 billion, a P/E ratio of 31.88, a P/E/G ratio of 3.27 and a beta of 1.09.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.29). The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $1.30 EPS. As a group, equities analysts expect that Prologis, Inc. will post 5.45 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.64%. Prologis’s dividend payout ratio (DPR) is presently 116.01%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PLD shares. Evercore ISI raised their price objective on Prologis from $124.00 to $128.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Raymond James reissued an “outperform” rating and set a $125.00 price target (down previously from $130.00) on shares of Prologis in a research report on Wednesday, December 11th. Robert W. Baird raised shares of Prologis from a “neutral” rating to an “outperform” rating and cut their price target for the company from $124.00 to $123.00 in a report on Monday. Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Truist Financial cut 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $129.06.

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.