Prologis, Inc. (NYSE:PLD) Stake Lowered by Deutsche Bank AG

Deutsche Bank AG decreased its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,203,285 shares of the real estate investment trust's stock after selling 811,085 shares during the period. Deutsche Bank AG owned 0.67% of Prologis worth $655,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PLD. Murphy & Mullick Capital Management Corp acquired a new stake in Prologis during the 4th quarter worth about $26,000. Crowley Wealth Management Inc. acquired a new position in shares of Prologis during the 4th quarter worth about $27,000. Centricity Wealth Management LLC acquired a new stake in Prologis in the 4th quarter worth about $30,000. Whipplewood Advisors LLC acquired a new position in shares of Prologis during the fourth quarter valued at approximately $34,000. Finally, Promus Capital LLC purchased a new position in shares of Prologis in the fourth quarter valued at approximately $34,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BNP Paribas upgraded shares of Prologis to a "strong-buy" rating in a research report on Wednesday, January 22nd. CJS Securities cut their price target on Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Scotiabank boosted their price objective on Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a research note on Monday. Morgan Stanley cut their target price on Prologis to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, BTIG Research lowered their price target on shares of Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.84.

Prologis Price Performance

Shares of PLD stock traded down $1.00 during midday trading on Tuesday, reaching $109.33. 1,667,122 shares of the company traded hands, compared to its average volume of 4,175,630. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The firm has a market cap of $101.45 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57. The firm's 50 day simple moving average is $105.67 and its two-hundred day simple moving average is $111.25.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, equities research analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.70%. Prologis's dividend payout ratio is presently 101.00%.

Prologis Company 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.