Prologis, Inc. (NYSE:PLD) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its stake in Prologis, Inc. (NYSE:PLD) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,399 shares of the real estate investment trust’s stock after selling 1,065 shares during the period. Greenleaf Trust’s holdings in Prologis were worth $2,050,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. ASB Consultores LLC increased its holdings in shares of Prologis by 3.7% in the third quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 86 shares during the period. CX Institutional increased its holdings in shares of Prologis by 2.7% in the third quarter. CX Institutional now owns 3,347 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 88 shares during the period. DT Investment Partners LLC increased its holdings in shares of Prologis by 9.8% in the third quarter. DT Investment Partners LLC now owns 1,043 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 93 shares during the period. Carmel Capital Partners LLC boosted its stake in shares of Prologis by 2.6% in the third quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 94 shares in the last quarter. Finally, Berkshire Bank boosted its stake in shares of Prologis by 2.3% in the fourth quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust’s stock valued at $443,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLD. JPMorgan Chase & Co. decreased their price target on Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. BTIG Research decreased their price target on 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 restated an “outperform” rating and issued a $125.00 price target (down from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. Wolfe Research decreased their price target on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Scotiabank decreased their price target on Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Monday, January 27th. 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 two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $128.78.

Prologis Stock Performance

NYSE PLD opened at $119.14 on Monday. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The stock has a market cap of $110.34 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 2.66 and a beta of 1.09. The business has a fifty day moving average of $111.03 and a 200-day moving average of $118.40. The company has a quick ratio of 0.43, a current ratio of 0.23 and a debt-to-equity ratio of 0.53.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.96 dividend. The ex-dividend date was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.22%. Prologis’s dividend payout ratio (DPR) is 96.00%.

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.