Prologis, Inc. (NYSE:PLD) Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp lessened its stake in Prologis, Inc. (NYSE:PLD) by 23.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,320 shares of the real estate investment trust’s stock after selling 23,040 shares during the quarter. Dupont Capital Management Corp’s holdings in Prologis were worth $7,856,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Investment Advisory Group LLC grew its position in shares of Prologis by 2.8% during the 4th quarter. Investment Advisory Group LLC now owns 7,236 shares of the real estate investment trust’s stock valued at $765,000 after buying an additional 200 shares during the last quarter. Atomi Financial Group Inc. grew its position in shares of Prologis by 11.3% during the 4th quarter. Atomi Financial Group Inc. now owns 5,028 shares of the real estate investment trust’s stock valued at $532,000 after buying an additional 511 shares during the last quarter. Segment Wealth Management LLC grew its position in shares of Prologis by 4.3% during the 4th quarter. Segment Wealth Management LLC now owns 6,002 shares of the real estate investment trust’s stock valued at $634,000 after buying an additional 245 shares during the last quarter. Perpetual Ltd grew its position in shares of Prologis by 38.5% during the 4th quarter. Perpetual Ltd now owns 288,800 shares of the real estate investment trust’s stock valued at $30,526,000 after buying an additional 80,244 shares during the last quarter. Finally, Royal Fund Management LLC bought a new stake in shares of Prologis during the 4th quarter valued at about $1,469,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 1.8 %

PLD stock opened at $115.16 on Thursday. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56. The company has a market cap of $106.66 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 3.01 and a beta of 1.09. The company has a 50 day moving average of $110.34 and a two-hundred day moving average of $118.36.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.96 dividend. The ex-dividend date was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.33%. Prologis’s payout ratio is 116.01%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. BTIG Research decreased their target price on shares of Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Scotiabank decreased their target price on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a research report on Wednesday, December 4th. BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $120.00 to $104.00 in a report on Friday, December 6th. Finally, Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average target price of $128.67.

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.