Siemens Fonds Invest GmbH Trims Stock Holdings in Prologis, Inc. (NYSE:PLD)

Siemens Fonds Invest GmbH decreased its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 78.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,888 shares of the real estate investment trust's stock after selling 21,752 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Prologis were worth $622,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLD. Murphy & Mullick Capital Management Corp bought a new stake in Prologis during the fourth quarter valued at about $26,000. Crowley Wealth Management Inc. bought a new stake in Prologis during the fourth quarter valued at about $27,000. Centricity Wealth Management LLC bought a new stake in Prologis during the fourth quarter valued at about $30,000. REAP Financial Group LLC boosted its position in Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 84 shares in the last quarter. Finally, Promus Capital LLC purchased a new stake in Prologis in the fourth quarter valued at about $34,000. Institutional investors own 93.50% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. CJS Securities decreased their price target on Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. Robert W. Baird decreased their price target on Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. BMO Capital Markets cut their price target on Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Raymond James reissued a "market perform" rating on shares of Prologis in a report on Monday, February 3rd. Finally, Evercore ISI cut their price objective on Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Prologis currently has a consensus rating of "Moderate Buy" and an average price target of $120.42.

Prologis Trading Down 0.5%

NYSE PLD traded down $0.59 on Friday, reaching $108.64. 7,261,566 shares of the company were exchanged, compared to its average volume of 4,165,353. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The business's fifty day moving average price is $103.94 and its 200 day moving average price is $110.63. The stock has a market capitalization of $100.81 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.04. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.99 billion. Analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

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

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.