Vanderbilt University Has $5.16 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

Vanderbilt University lessened its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 18.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,156 shares of the real estate investment trust's stock after selling 10,366 shares during the period. Prologis comprises approximately 1.0% of Vanderbilt University's portfolio, making the stock its 19th biggest position. Vanderbilt University's holdings in Prologis were worth $5,160,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Blue Trust Inc. boosted its position in shares of Prologis by 8.8% in the first quarter. Blue Trust Inc. now owns 16,914 shares of the real estate investment trust's stock worth $1,891,000 after buying an additional 1,371 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Prologis by 2.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 180,017 shares of the real estate investment trust's stock worth $20,124,000 after buying an additional 4,108 shares during the period. Sterling Investment Counsel LLC boosted its position in shares of Prologis by 194.9% in the first quarter. Sterling Investment Counsel LLC now owns 10,735 shares of the real estate investment trust's stock worth $1,200,000 after buying an additional 7,095 shares during the period. Global X Japan Co. Ltd. boosted its position in shares of Prologis by 11.2% in the first quarter. Global X Japan Co. Ltd. now owns 3,456 shares of the real estate investment trust's stock worth $386,000 after buying an additional 349 shares during the period. Finally, Premier Path Wealth Partners LLC boosted its position in Prologis by 28.0% during the first quarter. Premier Path Wealth Partners LLC now owns 5,255 shares of the real estate investment trust's stock valued at $587,000 after purchasing an additional 1,148 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Price Performance

NYSE PLD opened at $105.05 on Friday. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57. 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 stock has a market capitalization of $97.48 billion, a PE ratio of 26.26, a P/E/G ratio of 2.67 and a beta of 1.25. The stock has a 50-day simple moving average of $105.43 and a 200 day simple moving average of $109.85.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. Prologis had a return on equity of 6.45% and a net margin of 44.59%. The business 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 EPS for the current year.

Prologis Announces Dividend

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 given a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.85%. Prologis's dividend payout ratio is presently 101.00%.

Wall Street Analyst Weigh In

PLD has been the subject of a number of research reports. Wolfe Research cut Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Wells Fargo & Company reduced their price objective on Prologis from $146.00 to $119.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Evercore ISI reduced 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. Morgan Stanley reduced their price objective on Prologis to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird reduced their price objective on Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, Prologis currently has an average rating of "Moderate Buy" and an average price target 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.

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