Nilsine Partners LLC Has $2.13 Million Stake in Prologis, Inc. (NYSE:PLD)

Nilsine Partners LLC lessened its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 12.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,121 shares of the real estate investment trust's stock after selling 2,788 shares during the quarter. Nilsine Partners LLC's holdings in Prologis were worth $2,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. increased its holdings in shares of Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 224 shares in the last quarter. Dunhill Financial LLC raised its position in shares of Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 182 shares during the last quarter. Hara Capital LLC acquired a new position in shares of Prologis during the third quarter valued at $48,000. Coastline Trust Co bought a new position in Prologis in the third quarter valued at about $52,000. Finally, Fortitude Family Office LLC increased its position in Prologis by 120.6% in the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 240 shares during the period. 93.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Raymond James reissued an "outperform" rating and set a $125.00 price target (down from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. Robert W. Baird raised Prologis from a "neutral" rating to an "outperform" rating and dropped their price target for the stock from $124.00 to $123.00 in a research report on Monday, January 6th. Mizuho reduced their target price on shares of Prologis from $119.00 to $117.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Scotiabank reduced their price target on Prologis from $134.00 to $133.00 and set a "sector outperform" rating for the company in a research report on Monday. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $132.00 price objective (down previously from $142.00) on shares of Prologis in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $128.72.

Prologis Price Performance

PLD stock traded down $1.02 during midday trading on Tuesday, reaching $120.23. The company had a trading volume of 3,494,605 shares, compared to its average volume of 4,804,889. The company has a market capitalization of $111.35 billion, a price-to-earnings ratio of 30.06, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $135.76. The stock has a 50 day moving average price of $110.63 and a 200-day moving average price of $118.41.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Monday, December 16th. Prologis's dividend payout ratio (DPR) is presently 96.00%.

About Prologis

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.