Prologis, Inc. (NYSE:PLD) Shares Sold by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC lessened its position in shares of Prologis, Inc. (NYSE:PLD) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,250 shares of the real estate investment trust’s stock after selling 300 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Prologis were worth $1,335,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLD. Optimum Investment Advisors acquired a new stake in Prologis during the first quarter valued at $26,000. True Wealth Design LLC purchased a new position in shares of Prologis in the fourth quarter worth about $27,000. Thompson Investment Management Inc. purchased a new position in shares of Prologis in the fourth quarter worth about $28,000. JFS Wealth Advisors LLC lifted its stake in shares of Prologis by 254.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 168 shares in the last quarter. Finally, Clear Investment Research LLC lifted its stake in shares of Prologis by 188.1% in the fourth quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 158 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PLD. StockNews.com downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research note on Friday, June 21st. JPMorgan Chase & Co. decreased their price target on shares of Prologis from $143.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Evercore ISI decreased their price target on shares of Prologis from $136.00 to $123.00 and set an “in-line” rating on the stock in a research note on Thursday, April 18th. UBS Group decreased their price target on shares of Prologis from $151.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Finally, BMO Capital Markets cut shares of Prologis from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $145.00 to $112.00 in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.76.

Prologis Trading Up 0.9 %

Shares of Prologis stock traded up $0.96 on Friday, reaching $112.31. The company had a trading volume of 5,436,382 shares, compared to its average volume of 4,492,900. The firm’s 50 day moving average price is $108.14 and its two-hundred day moving average price is $121.83. The firm has a market cap of $103.98 billion, a PE ratio of 32.84, a PEG ratio of 2.48 and a beta of 1.07. Prologis, Inc. has a 52-week low of $96.64 and a 52-week high of $137.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.29 and a current ratio of 0.29.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Monday, June 17th. Prologis’s dividend payout ratio (DPR) is 112.28%.

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.