Prologis, Inc. (NYSE:PLD) Shares Sold by Parcion Private Wealth LLC

Parcion Private Wealth LLC lessened its holdings in Prologis, Inc. (NYSE:PLDFree Report) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,136 shares of the real estate investment trust’s stock after selling 100 shares during the period. Parcion Private Wealth LLC’s holdings in Prologis were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of PLD. Columbia Trust Co 01012016 raised its holdings in shares of Prologis by 16.0% in the 4th quarter. Columbia Trust Co 01012016 now owns 5,240 shares of the real estate investment trust’s stock valued at $698,000 after buying an additional 723 shares during the period. Cyndeo Wealth Partners LLC raised its holdings in shares of Prologis by 39.4% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 42,005 shares of the real estate investment trust’s stock valued at $5,599,000 after buying an additional 11,882 shares during the period. DNB Asset Management AS raised its holdings in shares of Prologis by 17.1% in the 4th quarter. DNB Asset Management AS now owns 287,505 shares of the real estate investment trust’s stock valued at $38,324,000 after buying an additional 42,073 shares during the period. Grassi Investment Management raised its holdings in shares of Prologis by 31.8% in the 4th quarter. Grassi Investment Management now owns 252,146 shares of the real estate investment trust’s stock valued at $33,611,000 after buying an additional 60,900 shares during the period. Finally, Selway Asset Management purchased a new stake in shares of Prologis in the 3rd quarter valued at $177,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the topic of several research analyst reports. TheStreet upgraded Prologis from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Royal Bank of Canada upped their price target on Prologis from $128.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Raymond James upped their price target on Prologis from $130.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded Prologis from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $123.00 to $148.00 in a report on Monday, December 18th. Finally, Robert W. Baird upped their price target on Prologis from $133.00 to $137.00 and gave the stock a “neutral” rating in a report on Tuesday, January 23rd. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.67.

Get Our Latest Stock Analysis on PLD

Prologis Trading Down 1.8 %

PLD opened at $125.58 on Wednesday. Prologis, Inc. has a one year low of $96.64 and a one year high of $137.52. The company has a market cap of $116.17 billion, a P/E ratio of 38.17, a PEG ratio of 2.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.30 and a current ratio of 0.30. The business’s 50-day simple moving average is $130.66 and its 200-day simple moving average is $121.83.

Prologis (NYSE:PLDGet Free Report) last announced its earnings results on Wednesday, January 17th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.58). The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. Prologis had a net margin of 38.13% and a return on equity of 5.29%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. As a group, equities research analysts expect that Prologis, Inc. will post 5.5 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a $0.96 dividend. The ex-dividend date of this dividend was Friday, March 15th. This is a boost from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.06%. Prologis’s dividend payout ratio is 116.72%.

About Prologis

(Free Report)

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.

See Also

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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