Prologis, Inc. (NYSE:PLD) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC decreased its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 32.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,057 shares of the real estate investment trust's stock after selling 6,405 shares during the quarter. Kintegral Advisory LLC's holdings in Prologis were worth $1,460,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Prologis in the fourth quarter worth $951,263,000. Northern Trust Corp increased its holdings in shares of Prologis by 54.6% in the fourth quarter. Northern Trust Corp now owns 13,855,339 shares of the real estate investment trust's stock valued at $1,464,509,000 after buying an additional 4,893,284 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Prologis by 25.4% in the 4th quarter. Capital Research Global Investors now owns 12,345,523 shares of the real estate investment trust's stock valued at $1,304,922,000 after purchasing an additional 2,500,761 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Prologis in the 4th quarter valued at $254,876,000. Finally, FMR LLC raised its stake in shares of Prologis by 11.7% during the 4th quarter. FMR LLC now owns 17,878,397 shares of the real estate investment trust's stock worth $1,889,747,000 after purchasing an additional 1,875,978 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

PLD has been the topic of several analyst reports. Wall Street Zen lowered shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Wells Fargo & Company decreased their target price on shares of Prologis from $146.00 to $119.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Evercore ISI cut their target price on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a research note on Thursday, April 17th. BMO Capital Markets dropped their price objective on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, Royal Bank Of Canada cut their price target on shares of Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Prologis presently has an average rating of "Moderate Buy" and a consensus target price of $120.42.

Prologis Price Performance

NYSE PLD traded down $1.85 during mid-day trading on Monday, hitting $106.17. The stock had a trading volume of 2,288,231 shares, compared to its average volume of 4,163,541. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57. The stock has a market capitalization of $98.52 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.74 and a beta of 1.23. The firm's 50 day moving average is $106.82 and its 200 day moving average is $109.48. 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 earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.99 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. Equities research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed 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. This represents a $4.04 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Tuesday, June 17th. Prologis's dividend payout ratio is presently 101.00%.

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.