Prologis, Inc. (NYSE:PLD) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lessened its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 30.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,631 shares of the real estate investment trust's stock after selling 2,495 shares during the quarter. Avior Wealth Management LLC's holdings in Prologis were worth $629,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PLD. Brighton Jones LLC lifted its holdings in shares of Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock valued at $1,847,000 after buying an additional 15,078 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in shares of Prologis by 72.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 21,685 shares of the real estate investment trust's stock valued at $2,292,000 after buying an additional 9,105 shares during the period. Ieq Capital LLC lifted its holdings in shares of Prologis by 0.3% in the 4th quarter. Ieq Capital LLC now owns 34,703 shares of the real estate investment trust's stock valued at $3,668,000 after buying an additional 103 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in shares of Prologis by 24.0% in the 4th quarter. Concurrent Investment Advisors LLC now owns 15,259 shares of the real estate investment trust's stock valued at $1,613,000 after buying an additional 2,951 shares during the period. Finally, FDx Advisors Inc. lifted its holdings in shares of Prologis by 11.2% in the 4th quarter. FDx Advisors Inc. now owns 1,993 shares of the real estate investment trust's stock valued at $211,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PLD. BMO Capital Markets decreased their price objective on Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Mizuho reduced their price target on Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Wolfe Research cut Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Robert W. Baird reduced their price target on Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Truist Financial reduced their price target on Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Prologis presently has an average rating of "Moderate Buy" and a consensus target price of $120.42.

Prologis Stock Performance

Shares of NYSE:PLD opened at $105.67 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41. The business's 50 day moving average price is $105.62 and its 200-day moving average price is $109.73. The firm has a market capitalization of $98.05 billion, a PE ratio of 26.42, a P/E/G ratio of 2.68 and a beta of 1.25. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. The firm had revenue of $1.99 billion for 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, equities research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is currently 101.00%.

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.

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