Prologis, Inc. (NYSE:PLD) Stock Position Cut by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 9.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 51,041 shares of the real estate investment trust's stock after selling 5,342 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Prologis were worth $5,434,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Prologis in the fourth quarter worth $951,263,000. Capital Research Global Investors increased its holdings in Prologis by 25.4% in the 4th quarter. Capital Research Global Investors now owns 12,345,523 shares of the real estate investment trust's stock valued at $1,304,922,000 after purchasing an additional 2,500,761 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Prologis in the fourth quarter valued at about $254,876,000. FMR LLC lifted its stake in shares of Prologis by 11.7% during the fourth quarter. FMR LLC now owns 17,878,397 shares of the real estate investment trust's stock worth $1,889,747,000 after purchasing an additional 1,875,978 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Prologis by 83.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,779,830 shares of the real estate investment trust's stock worth $399,528,000 after purchasing an additional 1,723,129 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Performance

PLD traded up $1.19 on Monday, hitting $103.43. 3,148,821 shares of the company's stock were exchanged, compared to its average volume of 4,144,573. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average of $109.11 and a two-hundred day moving average of $112.36. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57. The firm has a market cap of $95.88 billion, a PE ratio of 25.86, a P/E/G ratio of 2.70 and a beta of 1.20.

Prologis (NYSE:PLD - Get Free Report) last announced 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. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.99 billion. On average, research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, March 18th. This represents a $4.04 annualized dividend and a dividend yield of 3.91%. This is a positive change from Prologis's previous quarterly dividend of $0.96. Prologis's dividend payout ratio is currently 101.00%.

Insiders Place Their Bets

In other news, CIO Joseph Ghazal sold 10,997 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the completion of the transaction, the executive now directly owns 7,977 shares in the company, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.57% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on PLD shares. UBS Group raised their target price on Prologis from $121.00 to $137.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Morgan Stanley reduced their target price on shares of Prologis to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Truist Financial raised their price target on shares of Prologis from $121.00 to $123.00 and gave the company a "buy" rating in a report on Monday, January 27th. Wolfe Research lowered shares of Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Finally, Raymond James reaffirmed a "market perform" rating on shares of Prologis in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.32.

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.