B&I Capital AG Cuts Stock Position in Prologis, Inc. (NYSE:PLD)

B&I Capital AG lessened its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,451 shares of the real estate investment trust's stock after selling 10,980 shares during the quarter. Prologis accounts for approximately 12.5% of B&I Capital AG's holdings, making the stock its biggest position. B&I Capital AG's holdings in Prologis were worth $38,506,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PLD. REAP Financial Group LLC boosted its stake in Prologis by 40.0% in the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 84 shares during the period. Phoenix Financial Ltd. increased its stake in Prologis by 1.0% in the fourth quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust's stock worth $955,000 after purchasing an additional 86 shares during the period. CreativeOne Wealth LLC grew its position in shares of 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 buying an additional 100 shares in the last quarter. Focus Financial Network Inc. boosted its position in Prologis by 5.2% during the first quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust's stock valued at $234,000 after purchasing an additional 104 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its position 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 valued at $142,000 after purchasing an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on PLD shares. Barclays cut 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. Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Evercore ISI decreased their target price on Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a research note on Thursday, April 17th. Royal Bank Of Canada decreased their target price on Prologis from $128.00 to $117.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 29th. Finally, Truist Financial cut their price target on Prologis from $123.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, May 5th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $120.47.

Prologis Price Performance

PLD traded up $1.32 during trading on Tuesday, reaching $109.18. The stock had a trading volume of 5,213,996 shares, compared to its average volume of 4,208,557. The firm has a market capitalization of $101.31 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 2.71 and a beta of 1.23. The company has a quick ratio of 0.41, a current ratio of 0.19 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57. The stock has a 50 day moving average of $107.49 and a two-hundred day moving average of $109.68.

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

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Tuesday, June 17th. Prologis's payout ratio is presently 109.49%.

About Prologis

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.