Prologis, Inc. (NYSE:PLD) Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,939 shares of the real estate investment trust's stock after selling 7,654 shares during the quarter. Keybank National Association OH's holdings in Prologis were worth $7,930,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Aviva PLC raised its position in Prologis by 36.6% in the 4th quarter. Aviva PLC now owns 695,187 shares of the real estate investment trust's stock worth $73,481,000 after purchasing an additional 186,187 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Prologis by 29.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 784,360 shares of the real estate investment trust's stock worth $82,907,000 after buying an additional 179,880 shares during the period. Allstate Corp raised its holdings in shares of Prologis by 111.7% in the fourth quarter. Allstate Corp now owns 74,518 shares of the real estate investment trust's stock worth $7,877,000 after buying an additional 39,321 shares during the period. First Citizens Bank & Trust Co. lifted its stake in shares of Prologis by 1,451.2% during the 1st quarter. First Citizens Bank & Trust Co. now owns 31,180 shares of the real estate investment trust's stock worth $3,486,000 after acquiring an additional 29,170 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in Prologis by 3.1% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,506 shares of the real estate investment trust's stock valued at $615,000 after acquiring an additional 167 shares during the period. Institutional investors own 93.50% of the company's stock.

Prologis Stock Down 0.3%

Prologis stock traded down $0.28 during mid-day trading on Friday, reaching $108.03. 1,549,648 shares of the company were exchanged, compared to its average volume of 4,162,745. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market cap of $100.24 billion, a P/E ratio of 27.01, a PEG ratio of 2.75 and a beta of 1.23. The business has a fifty day moving average of $106.70 and a 200 day moving average of $109.39. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. Prologis had a return on equity of 6.45% and a net margin of 44.59%. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.99 billion. Research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Tuesday, June 17th. Prologis's dividend payout ratio is currently 101.00%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PLD. Scotiabank increased their target price on Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a research note on Monday, May 12th. Robert W. Baird reduced their price target on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Truist Financial dropped their target price on shares of Prologis from $123.00 to $120.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, BMO Capital Markets decreased their price target on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $120.42.

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.