Prologis, Inc. (NYSE:PLD) Holdings Lowered by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lowered its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 16.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,753 shares of the real estate investment trust's stock after selling 3,209 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Prologis were worth $1,873,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock valued at $1,847,000 after acquiring an additional 15,078 shares during the period. Proficio Capital Partners LLC raised its stake in shares of Prologis by 74.8% in the 4th quarter. Proficio Capital Partners LLC now owns 3,277 shares of the real estate investment trust's stock valued at $346,000 after acquiring an additional 1,402 shares during the period. Harbour Investments Inc. raised its stake in shares of Prologis by 257.7% in the 4th quarter. Harbour Investments Inc. now owns 11,139 shares of the real estate investment trust's stock valued at $1,177,000 after acquiring an additional 8,025 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Prologis by 2.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 274,322 shares of the real estate investment trust's stock valued at $29,025,000 after acquiring an additional 7,187 shares during the period. Finally, Horizon Investments LLC raised its stake in shares of Prologis by 0.9% in the 4th quarter. Horizon Investments LLC now owns 12,679 shares of the real estate investment trust's stock valued at $1,340,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

Prologis stock traded up $0.26 during midday trading on Friday, reaching $106.69. 4,481,485 shares of the stock traded hands, compared to its average volume of 4,213,027. The company has a current ratio of 0.19, a quick ratio of 0.41 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average price of $107.49 and a two-hundred day moving average price of $109.61. The firm has a market cap of $99.00 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 2.77 and a beta of 1.23. 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 posted its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.05. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. Prologis's revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 EPS. On average, equities research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Tuesday, June 17th. Prologis's payout ratio is 101.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PLD. Mizuho cut their target price on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Scotiabank raised their price target on shares of Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a report on Monday, May 12th. Wolfe Research lowered shares of Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Robert W. Baird lowered their price target on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Barclays lowered their price target on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $120.47.

About Prologis

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.