Quadrature Capital Ltd Sells 100,833 Shares of Prologis, Inc. (NYSE:PLD)

Quadrature Capital Ltd trimmed its position in Prologis, Inc. (NYSE:PLD - Free Report) by 85.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 17,694 shares of the real estate investment trust's stock after selling 100,833 shares during the period. Quadrature Capital Ltd's holdings in Prologis were worth $2,234,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Prologis by 534.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust's stock worth $1,280,928,000 after purchasing an additional 8,545,336 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Prologis by 145.0% in the third quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust's stock valued at $456,320,000 after acquiring an additional 2,138,693 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Prologis in the second quarter valued at about $203,223,000. AMF Tjanstepension AB lifted its stake in shares of Prologis by 267.9% during the 3rd quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust's stock valued at $236,879,000 after buying an additional 1,365,811 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Prologis by 326.3% during the 2nd quarter. Federated Hermes Inc. now owns 1,774,932 shares of the real estate investment trust's stock valued at $199,343,000 after buying an additional 1,358,542 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Stock Down 1.6 %

Shares of NYSE PLD traded down $1.79 during trading on Friday, reaching $112.00. The company had a trading volume of 3,650,844 shares, compared to its average volume of 3,499,513. Prologis, Inc. has a 12-month low of $101.11 and a 12-month high of $137.52. The stock has a market cap of $103.73 billion, a PE ratio of 33.84, a P/E/G ratio of 3.36 and a beta of 1.07. The business's 50-day moving average is $117.57 and its 200 day moving average is $118.86. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56.

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

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Monday, December 16th. Prologis's payout ratio is currently 116.01%.

Analyst Ratings Changes

PLD has been the topic of a number of recent research reports. Evercore ISI upped their price target on shares of Prologis from $124.00 to $128.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Scotiabank decreased their target price on shares of Prologis from $136.00 to $134.00 and set a "sector outperform" rating on the stock in a report on Wednesday. Wells Fargo & Company upped their target price on shares of Prologis from $142.00 to $146.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. Barclays upped their target price on shares of Prologis from $131.00 to $132.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $132.00 target price (down previously from $142.00) on shares of Prologis in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Prologis currently has an average rating of "Moderate Buy" and an average price target of $130.13.

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.