Vontobel Holding Ltd. Lowers Holdings in Prologis, Inc. (NYSE:PLD)

Vontobel Holding Ltd. cut its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 16.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,822 shares of the real estate investment trust's stock after selling 22,011 shares during the quarter. Vontobel Holding Ltd.'s holdings in Prologis were worth $12,389,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in Prologis in the fourth quarter worth about $26,000. Crowley Wealth Management Inc. purchased a new position in shares of Prologis in the 4th quarter worth approximately $27,000. REAP Financial Group LLC lifted 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 acquiring an additional 84 shares during the last quarter. Promus Capital LLC acquired a new stake in Prologis in the fourth quarter valued at approximately $34,000. Finally, Missouri Trust & Investment Co grew its holdings in Prologis by 59.6% in the first quarter. Missouri Trust & Investment Co now owns 399 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 149 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

PLD stock traded up $1.78 during mid-day trading on Wednesday, reaching $108.36. The company's stock had a trading volume of 3,458,860 shares, compared to its average volume of 4,157,056. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56. The company's 50 day moving average is $106.47 and its two-hundred day moving average is $109.41. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.57. The stock has a market cap of $100.55 billion, a PE ratio of 27.09, a P/E/G ratio of 2.67 and a beta of 1.23.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.99 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. Equities research analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.73%. Prologis's payout ratio is 101.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank Of Canada lowered their price objective on Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 29th. BMO Capital Markets lowered their price target on Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Evercore ISI cut their price objective on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a report on Thursday, April 17th. CJS Securities lowered their target price on shares of Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. Finally, Barclays dropped their target price on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Two equities 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 MarketBeat, Prologis currently has a consensus rating of "Moderate Buy" and a consensus 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.