Nilsine Partners LLC Sells 13,242 Shares of Prologis, Inc. (NYSE:PLD)

Nilsine Partners LLC decreased its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 65.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,879 shares of the real estate investment trust's stock after selling 13,242 shares during the quarter. Nilsine Partners LLC's holdings in Prologis were worth $769,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Prologis during the fourth quarter worth $26,000. Crowley Wealth Management Inc. acquired a new stake in Prologis during the 4th quarter worth $27,000. Centricity Wealth Management LLC bought a new position in Prologis during the fourth quarter worth about $30,000. REAP Financial Group LLC grew its stake in Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 84 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in shares of Prologis in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PLD. Evercore ISI cut their price objective on Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a report on Thursday, April 17th. Scotiabank boosted their price target on Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a report on Monday, May 12th. Truist Financial reduced their target price on shares of Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a report on Monday, May 5th. Barclays lowered their price target on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada reduced 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 note on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $120.42.

Prologis Stock Performance

Shares of NYSE PLD opened at $105.67 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $98.05 billion, a P/E ratio of 26.42, a P/E/G ratio of 2.68 and a beta of 1.25. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. The stock has a 50 day moving average of $105.62 and a 200-day moving average of $109.73.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. Prologis had a return on equity of 6.45% and a net margin of 44.59%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. As a group, equities research analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.82%. 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.

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