Prologis, Inc. (NYSE:PLD) Shares Sold by Brighton Jones LLC

Brighton Jones LLC reduced its position in Prologis, Inc. (NYSE:PLD - Free Report) by 53.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,173 shares of the real estate investment trust's stock after selling 9,302 shares during the quarter. Brighton Jones LLC's holdings in Prologis were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PLD. Murphy & Mullick Capital Management Corp purchased a new position in shares of Prologis in the 4th quarter worth $26,000. Crowley Wealth Management Inc. purchased a new position in shares of Prologis in the 4th quarter worth $27,000. Centricity Wealth Management LLC purchased a new position in Prologis in the fourth quarter valued at about $30,000. REAP Financial Group LLC raised its position in Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 84 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in Prologis in the fourth quarter valued at about $34,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLD has been the topic of several research reports. Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Robert W. Baird cut their price objective on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Wolfe Research lowered Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. CJS Securities cut their price objective on Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Finally, Truist Financial cut their price objective on Prologis from $123.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $120.42.

Prologis Stock Down 0.0%

NYSE:PLD traded down $0.04 during mid-day trading on Thursday, reaching $105.05. The stock had a trading volume of 2,599,324 shares, compared to its average volume of 4,118,967. The company has a market capitalization of $97.48 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 2.67 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 stock's 50 day simple moving average is $105.43 and its two-hundred day simple moving average is $109.85. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. Equities analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a $1.01 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a yield of 3.85%. Prologis's dividend payout ratio (DPR) is 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.