Prologis, Inc. (NYSE:PLD) Shares Sold by LM Advisors LLC

LM Advisors LLC lessened its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 50.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,752 shares of the real estate investment trust's stock after selling 2,800 shares during the quarter. LM Advisors LLC's holdings in Prologis were worth $291,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research analyst reports. Wall Street Zen upgraded Prologis from a "sell" rating to a "hold" rating in a report on Friday. Evercore ISI reduced their price target on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company dropped their price objective on shares of Prologis from $146.00 to $119.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Wolfe Research lowered Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Finally, Barclays reduced their price objective on Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.42.

Prologis Stock Down 0.5%

Shares of NYSE PLD traded down $0.59 during midday trading on Friday, hitting $108.64. 7,261,566 shares of the company's stock were exchanged, compared to its average volume of 4,165,353. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57. The company has a market cap of $100.81 billion, a PE ratio of 27.16, a P/E/G ratio of 2.70 and a beta of 1.25. The firm's fifty day simple moving average is $103.94 and its 200-day simple moving average is $110.59.

Prologis (NYSE:PLD - Get Free Report) last issued 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. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Research analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

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

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.