Ninety One SA PTY Ltd Sells 2,532 Shares of Prologis, Inc. (NYSE:PLD)

Ninety One SA PTY Ltd trimmed its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 50.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,462 shares of the real estate investment trust's stock after selling 2,532 shares during the quarter. Ninety One SA PTY Ltd's holdings in Prologis were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. Brighton Jones LLC lifted its holdings in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock worth $1,847,000 after purchasing an additional 15,078 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in Prologis by 18,374.0% in the 4th quarter. Proficio Capital Partners LLC now owns 346,388 shares of the real estate investment trust's stock worth $346,000 after purchasing an additional 344,513 shares during the last quarter. E Fund Management Co. Ltd. acquired a new stake in Prologis in the 4th quarter worth approximately $242,000. Callan Family Office LLC acquired a new stake in Prologis in the 4th quarter worth approximately $429,000. Finally, Banco Santander S.A. lifted its holdings in Prologis by 88.0% in the 4th quarter. Banco Santander S.A. now owns 4,683 shares of the real estate investment trust's stock worth $495,000 after purchasing an additional 2,192 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Trading Up 2.0%

PLD stock traded up $2.09 during midday trading on Thursday, reaching $108.48. The stock had a trading volume of 3,129,587 shares, compared to its average volume of 4,177,587. The business has a fifty day simple moving average of $107.04 and a two-hundred day simple moving average of $109.46. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.56. The firm has a market cap of $100.66 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.71 and a beta of 1.23. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57.

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, topping analysts' consensus estimates of $1.38 by $0.04. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. As a group, research analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is currently 101.00%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley reduced their price objective on Prologis to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Wall Street Zen cut Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. CJS Securities reduced their price objective on Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Barclays reduced their price objective on Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, Truist Financial reduced their price objective on Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Prologis has a consensus rating of "Moderate Buy" and an average price target of $119.53.

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.