Diversified Trust Co Reduces Stock Holdings in Prologis, Inc. (NYSE:PLD)

Diversified Trust Co cut its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 84.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,249 shares of the real estate investment trust's stock after selling 23,386 shares during the period. Diversified Trust Co's holdings in Prologis were worth $475,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLD. Murphy & Mullick Capital Management Corp acquired a new position in Prologis in the 4th quarter valued at $26,000. Crowley Wealth Management Inc. acquired a new stake in shares of Prologis in the fourth quarter valued at about $27,000. REAP Financial Group LLC lifted its stake in shares of Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after buying an additional 84 shares in the last quarter. Promus Capital LLC acquired a new stake in Prologis in the 4th quarter valued at about $34,000. Finally, Missouri Trust & Investment Co lifted its stake in Prologis by 59.6% in the 1st quarter. Missouri Trust & Investment Co now owns 399 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

PLD stock traded up $0.19 during trading on Thursday, hitting $108.50. The company had a trading volume of 1,548,904 shares, compared to its average volume of 4,151,494. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.56. The firm has a market cap of $100.68 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 2.70 and a beta of 1.23. The firm has a 50-day moving average price of $106.61 and a 200-day moving average price of $109.40. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57.

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 for the quarter, beating the consensus estimate of $1.38 by $0.04. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a net margin of 44.59% and a return on equity of 6.45%. On average, analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a yield of 3.72%. Prologis's dividend payout ratio (DPR) is 101.00%.

Analysts Set New Price Targets

A number of research firms have weighed in on PLD. Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Royal Bank Of Canada cut their price objective on shares of Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 29th. Scotiabank lifted their target price on shares of Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a research note on Monday, May 12th. Robert W. Baird cut their price target on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Barclays decreased their price objective on Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Prologis currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.42.

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.