Sarasin & Partners LLP Sells 2,814 Shares of Prologis, Inc. (NYSE:PLD)

Sarasin & Partners LLP trimmed its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 0.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 934,048 shares of the real estate investment trust's stock after selling 2,814 shares during the quarter. Sarasin & Partners LLP owned 0.10% of Prologis worth $104,417,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock worth $1,847,000 after acquiring an additional 15,078 shares during the period. Austin Private Wealth LLC grew its position in shares of Prologis by 27.7% in the 4th quarter. Austin Private Wealth LLC now owns 2,813 shares of the real estate investment trust's stock worth $297,000 after buying an additional 611 shares during the last quarter. Independence Bank of Kentucky grew its position in shares of Prologis by 27.9% in the 4th quarter. Independence Bank of Kentucky now owns 5,689 shares of the real estate investment trust's stock worth $601,000 after buying an additional 1,240 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Prologis by 1.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 26,403 shares of the real estate investment trust's stock valued at $2,791,000 after purchasing an additional 359 shares during the period. Finally, DAVENPORT & Co LLC raised its stake in Prologis by 3.7% during the fourth quarter. DAVENPORT & Co LLC now owns 28,453 shares of the real estate investment trust's stock valued at $3,007,000 after buying an additional 1,027 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Prologis Stock Up 0.3%

Shares of PLD traded up $0.29 during midday trading on Thursday, hitting $108.72. The company had a trading volume of 984,885 shares, compared to its average volume of 4,140,439. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.57. The company's 50 day moving average price is $103.81 and its 200 day moving average price is $110.50. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. The stock has a market cap of $100.88 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last released its earnings results 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. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. On average, equities research analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis's payout ratio is presently 101.00%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wall Street Zen raised Prologis from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Royal Bank of Canada decreased their price objective on Prologis from $128.00 to $117.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. BMO Capital Markets cut their target price on Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Robert W. Baird cut their target price on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Barclays cut their price objective on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $120.42.

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.