Prologis, Inc. (NYSE:PLD) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lessened its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,677 shares of the real estate investment trust's stock after selling 3,040 shares during the period. Cetera Investment Advisers' holdings in Prologis were worth $19,626,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

PLD has been the subject of a number of research analyst reports. Barclays decreased 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. CJS Securities dropped their target price on shares of Prologis from $140.00 to $117.00 in a research report on Friday, April 11th. BMO Capital Markets dropped their price objective on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Truist Financial dropped their price objective on shares of Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Finally, BTIG Research decreased their target price on shares of Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $121.68.

Prologis Stock Up 1.4%

Shares of NYSE:PLD traded up $1.48 during trading hours on Friday, reaching $106.97. The stock had a trading volume of 5,505,774 shares, compared to its average volume of 4,161,857. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57. The firm's 50 day moving average is $105.95 and its 200-day moving average is $111.30. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The stock has a market capitalization of $99.26 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last issued its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.99 billion. Research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis's dividend payout ratio is currently 101.00%.

Prologis 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.