Epoch Investment Partners Inc. Reduces Stock Position in Prologis, Inc. (NYSE:PLD)

Epoch Investment Partners Inc. reduced its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 32.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,059 shares of the real estate investment trust's stock after selling 59,138 shares during the quarter. Epoch Investment Partners Inc.'s holdings in Prologis were worth $13,007,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new stake in Prologis during the fourth quarter worth about $26,000. Crowley Wealth Management Inc. bought a new position in shares of Prologis during the 4th quarter valued at approximately $27,000. Centricity Wealth Management LLC purchased a new stake in shares of Prologis during the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC bought a new position in Prologis during the fourth quarter valued at $34,000. Finally, Promus Capital LLC purchased a new stake in Prologis in the fourth quarter worth $34,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLD has been the topic of a number of research reports. Wolfe Research cut Prologis from an "outperform" rating to a "peer perform" rating in a research note on Monday. Morgan Stanley cut their price objective on shares of Prologis to $120.00 and set an "outperform" rating for the company in a report on Monday, April 14th. BMO Capital Markets lowered their target price on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Robert W. Baird lifted their price target on Prologis from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Finally, Evercore ISI decreased their price target on Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Prologis currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.32.

Prologis Trading Down 0.3 %

NYSE PLD traded down $0.31 during trading on Friday, hitting $103.05. 1,029,984 shares of the company's stock traded hands, compared to its average volume of 4,139,815. The firm has a market cap of $95.52 billion, a P/E ratio of 25.73, a PEG ratio of 2.70 and a beta of 1.20. The stock has a fifty day moving average of $109.86 and a two-hundred day moving average of $112.68. 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, Inc. has a 12-month low of $85.35 and a 12-month high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.04. The business had revenue of $1.99 billion for 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%. As a group, sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.92%. This is a boost from Prologis's previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Tuesday, March 18th. Prologis's dividend payout ratio is presently 101.00%.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the completion of the transaction, the executive now directly owns 7,977 shares in the company, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.57% of the company's stock.

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.