Prologis, Inc. (NYSE:PLD) Stock Position Decreased by Sarasin & Partners LLP

Sarasin & Partners LLP trimmed its position in shares of Prologis, Inc. (NYSE:PLD) by 7.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 867,491 shares of the real estate investment trust’s stock after selling 69,371 shares during the period. Sarasin & Partners LLP’s holdings in Prologis were worth $96,977,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC increased its holdings in Prologis by 5,678.8% in the first quarter. SG Americas Securities LLC now owns 1,436,773 shares of the real estate investment trust’s stock worth $160,617,000 after buying an additional 1,411,910 shares during the last quarter. Accurate Wealth Management LLC raised its holdings in shares of Prologis by 11.6% during the 1st quarter. Accurate Wealth Management LLC now owns 5,669 shares of the real estate investment trust’s stock valued at $634,000 after purchasing an additional 587 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Prologis by 19.6% in the 1st quarter. GAMMA Investing LLC now owns 11,926 shares of the real estate investment trust’s stock valued at $1,333,000 after purchasing an additional 1,956 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Prologis by 24.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 3,107 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 605 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Prologis by 14.8% in the first quarter. Harbor Capital Advisors Inc. now owns 22,630 shares of the real estate investment trust’s stock worth $2,530,000 after purchasing an additional 2,924 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 0.1%

Prologis stock opened at $108.95 on Tuesday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. The stock has a market cap of $101.10 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The business has a 50 day moving average price of $103.61 and a two-hundred day moving average price of $110.31. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a net margin of 45.50% and a return on equity of 6.44%. As a group, equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.71%. Prologis’s dividend payout ratio is presently 101.00%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Evercore ISI cut their target price on Prologis from $111.00 to $106.00 and set an “in-line” rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada reduced their target price on Prologis from $128.00 to $117.00 and set a “sector perform” rating for the company in a report on Tuesday, April 29th. Robert W. Baird decreased their target price on Prologis from $126.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Scotiabank lifted 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, Mizuho decreased their price objective on shares of Prologis from $117.00 to $105.00 and set a “neutral” rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $120.42.

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.