Janus Henderson Group PLC lowered its position in Prologis, Inc. (NYSE:PLD - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,225,567 shares of the real estate investment trust's stock after selling 387,927 shares during the period. Janus Henderson Group PLC owned approximately 0.35% of Prologis worth $340,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also modified their holdings of the company. Governors Lane LP purchased a new position in Prologis during the 4th quarter valued at $7,758,000. Ground Swell Capital LLC bought a new position in shares of Prologis in the fourth quarter worth about $252,000. Focus Partners Wealth increased its stake in Prologis by 23.6% in the 4th quarter. Focus Partners Wealth now owns 92,045 shares of the real estate investment trust's stock worth $9,807,000 after buying an additional 17,576 shares during the period. Ethic Inc. lifted its holdings in Prologis by 12.1% during the 4th quarter. Ethic Inc. now owns 92,056 shares of the real estate investment trust's stock valued at $9,730,000 after buying an additional 9,915 shares in the last quarter. Finally, First Manhattan CO. LLC. boosted its position in Prologis by 120.9% in the 4th quarter. First Manhattan CO. LLC. now owns 12,095 shares of the real estate investment trust's stock valued at $1,278,000 after buying an additional 6,619 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.
Prologis Stock Up 1.4%
Shares of Prologis stock traded up $1.49 on Thursday, reaching $109.09. The stock had a trading volume of 3,163,461 shares, compared to its average volume of 4,203,005. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $101.23 billion, a P/E ratio of 27.27, a P/E/G ratio of 2.70 and a beta of 1.25. The company has a 50 day moving average price of $105.21 and a 200 day moving average price of $111.22. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57.
Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating 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 company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.99 billion. As a group, equities research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.
Prologis Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date is Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is presently 101.00%.
Wall Street Analyst Weigh In
PLD has been the topic of a number of research analyst reports. Wolfe Research downgraded shares of Prologis from an "outperform" rating to a "peer perform" rating in a research note on Monday, April 21st. Robert W. Baird dropped their price objective on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. BNP Paribas upgraded Prologis to a "strong-buy" rating in a report on Wednesday, January 22nd. Royal Bank of Canada lowered their target price on Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Finally, BMO Capital Markets dropped their price target on Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $121.84.
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Prologis Company Profile
(
Free Report)
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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