Vident Advisory LLC Sells 20,931 Shares of Prologis, Inc. (NYSE:PLD)

Vident Advisory LLC trimmed its position in Prologis, Inc. (NYSE:PLD - Free Report) by 31.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,492 shares of the real estate investment trust's stock after selling 20,931 shares during the period. Vident Advisory LLC's holdings in Prologis were worth $4,809,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new position in Prologis during the 4th quarter worth $26,000. Crowley Wealth Management Inc. bought a new position in Prologis during the 4th quarter worth $27,000. Centricity Wealth Management LLC bought a new position in Prologis during the 4th quarter worth $30,000. Promus Capital LLC bought a new position in Prologis during the 4th quarter worth $34,000. Finally, Whipplewood Advisors LLC bought a new position in Prologis during the 4th quarter worth $34,000. 93.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on PLD. Wells Fargo & Company lowered their target price on Prologis from $146.00 to $119.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Morgan Stanley lowered their target price on Prologis to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Raymond James reaffirmed a "market perform" rating on shares of Prologis in a research report on Monday, February 3rd. Wolfe Research lowered Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday, April 21st. Finally, UBS Group raised their price objective on shares of Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $120.42.

Prologis Stock Down 0.9%

PLD stock traded down $0.97 during mid-day trading on Friday, reaching $104.13. 3,075,490 shares of the company traded hands, compared to its average volume of 4,187,571. The stock has a market cap of $96.62 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 2.70 and a beta of 1.25. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.57. The firm's 50 day moving average price is $104.26 and its 200 day moving average price is $110.87.

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

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a $1.01 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.88%. Prologis's 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.