Mizuho Securities USA LLC Sells 13,567 Shares of Prologis, Inc. (NYSE:PLD)

Mizuho Securities USA LLC lessened its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 15.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,213 shares of the real estate investment trust's stock after selling 13,567 shares during the period. Mizuho Securities USA LLC's holdings in Prologis were worth $8,296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PLD. REAP Financial Group LLC increased its holdings in Prologis by 40.0% during the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 84 shares during the period. LaSalle St. Investment Advisors LLC increased its holdings in Prologis by 3.7% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust's stock worth $300,000 after acquiring an additional 96 shares during the period. CreativeOne Wealth LLC increased its holdings in Prologis by 1.7% during the 4th quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust's stock worth $642,000 after acquiring an additional 100 shares during the period. Focus Financial Network Inc. increased its holdings in Prologis by 5.2% during the 1st quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust's stock worth $234,000 after acquiring an additional 104 shares during the period. Finally, Exencial Wealth Advisors LLC increased its holdings in Prologis by 5.1% during the 1st quarter. Exencial Wealth Advisors LLC now owns 2,210 shares of the real estate investment trust's stock worth $247,000 after acquiring an additional 107 shares during the period. Institutional investors own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial decreased their target price on shares of Prologis from $123.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Robert W. Baird lowered their price objective on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Royal Bank Of Canada lowered their price objective on shares of Prologis from $128.00 to $117.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. Citigroup lowered their price objective on shares of Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, Scotiabank raised their price objective on shares of Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $120.33.

Prologis Trading Up 0.6%

Shares of NYSE:PLD traded up $0.68 on Friday, hitting $106.53. The company had a trading volume of 1,924,191 shares, compared to its average volume of 3,687,758. The firm's 50-day simple moving average is $107.13 and its two-hundred day simple moving average is $109.10. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $98.87 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 2.67 and a beta of 1.21.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.05. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. Prologis's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the business earned $1.34 EPS. Equities analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

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.