Gotham Asset Management LLC Sells 20,989 Shares of Prologis, Inc. (NYSE:PLD)

Gotham Asset Management LLC trimmed its position in Prologis, Inc. (NYSE:PLD - Free Report) by 18.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,154 shares of the real estate investment trust's stock after selling 20,989 shares during the period. Gotham Asset Management LLC's holdings in Prologis were worth $10,058,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on PLD shares. Evercore ISI dropped their price target on Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a research note on Thursday, April 17th. CJS Securities lowered their price target on shares of Prologis from $140.00 to $117.00 in a report on Friday, April 11th. BTIG Research reduced their target price on shares of Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Raymond James reissued a "market perform" rating on shares of Prologis in a research note on Monday, February 3rd. Finally, Truist Financial decreased their price target 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $121.84.

Prologis Stock Up 1.4%

NYSE PLD traded up $1.49 during trading hours on Thursday, hitting $109.09. The company had a trading volume of 3,163,461 shares, compared to its average volume of 4,203,005. The company has a market capitalization of $101.23 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 2.70 and a beta of 1.25. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.57. The firm's 50 day moving average is $105.21 and its 200 day moving average is $111.22. 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 released its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, topping 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 analyst estimates of $1.99 billion. Sell-side analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 3.70%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis's dividend payout ratio (DPR) is presently 101.00%.

About Prologis

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.