Prologis, Inc. (NYSE:PLD) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 99.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,270 shares of the real estate investment trust's stock after selling 431,638 shares during the period. International Assets Investment Management LLC's holdings in Prologis were worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PLD. Sunflower Bank N.A. bought a new position in Prologis in the 3rd quarter valued at $249,000. Coronation Fund Managers Ltd. bought a new position in shares of Prologis in the second quarter worth about $878,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Prologis by 2.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,199,812 shares of the real estate investment trust's stock worth $149,116,000 after purchasing an additional 29,400 shares during the last quarter. Cardano Risk Management B.V. purchased a new position in Prologis in the 3rd quarter worth about $109,579,000. Finally, Worldquant Millennium Advisors LLC bought a new stake in Prologis during the 3rd quarter valued at about $1,051,000. Institutional investors own 93.50% of the company's stock.

Prologis Stock Down 1.8 %

Shares of NYSE:PLD traded down $1.85 on Friday, hitting $103.65. 4,230,734 shares of the company's stock were exchanged, compared to its average volume of 4,158,322. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $135.76. The company has a market capitalization of $96.00 billion, a PE ratio of 31.31, a P/E/G ratio of 3.27 and a beta of 1.09. The firm's 50-day moving average is $110.94 and its 200 day moving average is $118.50.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.29). The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.91 billion. Prologis had a net margin of 39.08% and a return on equity of 5.34%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 earnings per share. Sell-side analysts predict that Prologis, Inc. will post 5.45 EPS for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Monday, December 16th. Prologis's payout ratio is 116.01%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Truist Financial dropped their target price on shares of Prologis from $137.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, December 5th. Raymond James reissued an "outperform" rating and issued a $125.00 price objective (down previously from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. Barclays lifted their target price on Prologis from $131.00 to $132.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. The Goldman Sachs Group reissued a "neutral" rating and set a $132.00 price target (down previously from $142.00) on shares of Prologis in a research report on Monday, October 21st. Finally, Mizuho decreased their price objective on Prologis from $119.00 to $117.00 and set a "neutral" rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.06.

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.