Vaughan Nelson Investment Management L.P. Sells 26,033 Shares of Prologis, Inc. (NYSE:PLD)

Vaughan Nelson Investment Management L.P. cut its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 796,304 shares of the real estate investment trust's stock after selling 26,033 shares during the quarter. Prologis accounts for 1.1% of Vaughan Nelson Investment Management L.P.'s holdings, making the stock its 28th largest position. Vaughan Nelson Investment Management L.P. owned 0.09% of Prologis worth $106,148,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PLD. RB Capital Management LLC increased its holdings in shares of Prologis by 14.7% during the first quarter. RB Capital Management LLC now owns 3,004 shares of the real estate investment trust's stock worth $485,000 after purchasing an additional 385 shares during the period. Blair William & Co. IL increased its holdings in shares of Prologis by 5.3% during the first quarter. Blair William & Co. IL now owns 21,612 shares of the real estate investment trust's stock worth $3,490,000 after purchasing an additional 1,092 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Prologis by 87.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,382 shares of the real estate investment trust's stock worth $546,000 after acquiring an additional 1,580 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Prologis by 41.8% during the 1st quarter. Baird Financial Group Inc. now owns 241,219 shares of the real estate investment trust's stock worth $38,952,000 after acquiring an additional 71,112 shares in the last quarter. Finally, Zions Bancorporation N.A. boosted its position in shares of Prologis by 38.8% during the 1st quarter. Zions Bancorporation N.A. now owns 2,078 shares of the real estate investment trust's stock worth $336,000 after acquiring an additional 581 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of Prologis from $133.00 to $137.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 23rd. Morgan Stanley increased their price target on shares of Prologis from $128.00 to $141.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 24th. Raymond James increased their price target on shares of Prologis from $130.00 to $145.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, January 24th. Evercore ISI reiterated an "in-line" rating and set a $136.00 price target on shares of Prologis in a research report on Monday, March 18th. Finally, TheStreet upgraded shares of Prologis from a "c+" rating to a "b-" rating in a research report on Friday, January 26th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.67.

Prologis Trading Up 0.0 %

Shares of NYSE:PLD traded up $0.05 during mid-day trading on Friday, reaching $124.74. 5,099,548 shares of the company's stock were exchanged, compared to its average volume of 2,930,304. The firm has a market capitalization of $115.39 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 2.49 and a beta of 1.00. The business's fifty day moving average price is $130.55 and its 200-day moving average price is $121.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.30 and a current ratio of 0.30. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, January 17th. The real estate investment trust reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.58). The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. Prologis had a return on equity of 5.29% and a net margin of 38.13%. Prologis's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. On average, research analysts predict that Prologis, Inc. will post 5.5 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Friday, March 15th. This is an increase from Prologis's previous quarterly dividend of $0.87. Prologis's dividend payout ratio (DPR) is currently 116.72%.

Prologis Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.