Kintegral Advisory LLC Has $1.46 Million Position in Prologis, Inc. (NYSE:PLD)

Kintegral Advisory LLC lowered its position in Prologis, Inc. (NYSE:PLD - Free Report) by 32.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other hedge funds also recently bought and sold shares of PLD. REAP Financial Group LLC lifted its stake in shares of Prologis by 40.0% in the 4th 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 last quarter. Phoenix Financial Ltd. lifted its stake in shares of Prologis by 1.0% in the fourth quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust's stock valued at $955,000 after buying an additional 86 shares during the period. CreativeOne Wealth LLC raised its stake in shares of Prologis by 1.7% in the fourth quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust's stock valued at $642,000 after purchasing an additional 100 shares in the last quarter. Focus Financial Network Inc. raised its stake in shares of Prologis by 5.2% in the 1st quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust's stock valued at $234,000 after buying an additional 104 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in Prologis by 9.2% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,346 shares of the real estate investment trust's stock worth $142,000 after purchasing an additional 113 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on PLD. BMO Capital Markets reduced their price target on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. CJS Securities reduced their target price on Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Robert W. Baird reduced their target price on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Royal Bank Of Canada reduced 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. Finally, Mizuho decreased their price objective on Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.42.

Prologis Stock Performance

PLD stock traded down $0.28 during trading hours on Friday, hitting $108.03. 1,549,648 shares of the stock were exchanged, compared to its average volume of 4,162,745. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. The company has a 50-day simple moving average of $106.82 and a two-hundred day simple moving average of $109.39. The firm has a market capitalization of $100.24 billion, a P/E ratio of 27.01, a P/E/G ratio of 2.74 and a beta of 1.23. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating the consensus estimate 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 net margin of 44.59% and a return on equity of 6.45%. On average, analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Tuesday, June 17th. Prologis's dividend payout ratio is currently 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.