Pathstone Holdings LLC Sells 8,200 Shares of Prologis, Inc. (NYSE:PLD)

Pathstone Holdings LLC lessened its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,351 shares of the real estate investment trust's stock after selling 8,200 shares during the period. Pathstone Holdings LLC's holdings in Prologis were worth $9,656,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PLD. Mufg Securities Americas Inc. bought a new position in shares of Prologis in the 4th quarter valued at about $1,445,000. Nissay Asset Management Corp Japan ADV lifted its position in Prologis by 1.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 242,091 shares of the real estate investment trust's stock worth $25,478,000 after acquiring an additional 4,254 shares during the last quarter. Nomura Holdings Inc. raised its position in shares of Prologis by 714.0% in the fourth quarter. Nomura Holdings Inc. now owns 152,734 shares of the real estate investment trust's stock valued at $16,144,000 after buying an additional 133,971 shares in the last quarter. NorthRock Partners LLC raised its position in shares of Prologis by 56.3% in the fourth quarter. NorthRock Partners LLC now owns 6,929 shares of the real estate investment trust's stock valued at $732,000 after buying an additional 2,497 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp raised its position in shares of Prologis by 0.6% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 1,133,556 shares of the real estate investment trust's stock valued at $119,817,000 after buying an additional 6,556 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Prologis Trading Up 1.2%

NYSE PLD opened at $110.56 on Friday. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The business's fifty day moving average is $104.90 and its 200-day moving average is $111.12. The stock has a market capitalization of $102.59 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Prologis had a return on equity of 6.44% and a net margin of 45.50%. Equities research analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 annualized dividend and a yield of 3.65%. Prologis's dividend payout ratio is currently 101.00%.

Analyst Upgrades and Downgrades

Several research analysts have commented on PLD shares. UBS Group boosted their price objective on shares of Prologis from $121.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. BNP Paribas raised shares of Prologis to a "strong-buy" rating in a research note on Wednesday, January 22nd. CJS Securities cut their price target on shares of Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. Scotiabank upped their price target on shares of Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a research report on Monday, May 12th. Finally, Morgan Stanley reduced their price objective on Prologis to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $121.84.

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.

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