Chilton Capital Management LLC Sells 4,529 Shares of Prologis, Inc. (NYSE:PLD)

Chilton Capital Management LLC decreased its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 180,031 shares of the real estate investment trust's stock after selling 4,529 shares during the quarter. Chilton Capital Management LLC's holdings in Prologis were worth $20,219,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in Prologis by 380.0% during the first quarter. Nordea Investment Management AB now owns 333,022 shares of the real estate investment trust's stock worth $43,046,000 after purchasing an additional 263,649 shares during the last quarter. Janney Capital Management LLC grew its position in shares of Prologis by 18.8% in the 4th quarter. Janney Capital Management LLC now owns 23,872 shares of the real estate investment trust's stock valued at $3,182,000 after acquiring an additional 3,773 shares during the period. Swedbank AB grew its position in shares of Prologis by 9.2% in the 2nd quarter. Swedbank AB now owns 5,002,274 shares of the real estate investment trust's stock valued at $561,805,000 after acquiring an additional 420,687 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Prologis by 36.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 162,990 shares of the real estate investment trust's stock valued at $18,305,000 after acquiring an additional 43,235 shares during the period. Finally, Atalanta Sosnoff Capital LLC bought a new position in shares of Prologis in the 4th quarter valued at about $18,551,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Insider Activity

In other news, CIO Joseph Ghazal sold 5,200 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $129.07, for a total value of $671,164.00. Following the completion of the transaction, the executive now directly owns 13,187 shares in the company, valued at approximately $1,702,046.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.50% of the company's stock.

Prologis Stock Performance

Prologis stock traded up $2.49 during midday trading on Monday, hitting $127.82. The company's stock had a trading volume of 3,618,100 shares, compared to its average volume of 3,634,253. Prologis, Inc. has a 1-year low of $96.64 and a 1-year high of $137.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36. The company has a 50-day moving average price of $121.32 and a two-hundred day moving average price of $118.99. The company has a market cap of $118.35 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 3.28 and a beta of 1.06.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.41). Prologis had a return on equity of 4.88% and a net margin of 36.37%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm earned $1.83 EPS. Prologis's revenue for the quarter was down 18.1% compared to the same quarter last year. As a group, sell-side analysts predict that Prologis, Inc. will post 5.42 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on PLD. Wells Fargo & Company lifted their price objective on shares of Prologis from $142.00 to $146.00 and gave the company an "overweight" rating in a research report on Wednesday, August 28th. Morgan Stanley lifted their price objective on shares of Prologis from $132.00 to $133.00 and gave the company an "overweight" rating in a research report on Wednesday, August 14th. Truist Financial lifted their price objective on shares of Prologis from $125.00 to $137.00 and gave the company a "buy" rating in a research report on Monday, August 5th. Mizuho decreased their price objective on shares of Prologis from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Friday, May 31st. Finally, The Goldman Sachs Group lifted their price objective on shares of Prologis from $140.00 to $156.00 and gave the company a "buy" rating in a research report on Thursday, July 25th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $133.12.

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.