1 week Ago By ABMN Staff
Advisor OS LLC lowered its position in shares of Prologis, Inc. ( NYSE:PLD – Free Report ) by 10.5% during the second quarter, Holdings Channel reports.
The fund owned 2,012 shares of the real estate investment trust’s stock after selling 236 shares during the quarter. Advisor OS LLC’s holdings in Prologis were worth $226,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently bought and sold shares of the company.
Gilbert & Cook Inc. lifted its position in Prologis by 4.4% during the fourth quarter.
Gilbert & Cook Inc. now owns 5,487 shares of the real estate investment trust’s stock worth $731,000 after buying an additional 233 shares during the period. Gryphon Financial Partners LLC grew its holdings in Prologis by 61.
6% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,234 shares of the real estate investment trust’s stock valued at $692,000 after purchasing an additional 1,995 shares during the period. Wealthspire Advisors LLC acquired a new position in shares of Prologis in the 4th quarter valued at $259,000.
Cary Street Partners Investment Advisory LLC increased its stake in Prologis by 75.8% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 2,950 shares of the real estate investment trust’s stock worth $393,000 after acquiring an additional 1,272 shares during the last quarter.
Finally, AGF Management Ltd. lifted its stake in shares of Prologis by 41.5% in the 4th quarter.
AGF Management Ltd. now owns 43,741 shares of the real estate investment trust’s stock valued at $5,831,000 after purchasing an additional 12,820 shares in the last quarter. 93.
50% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes PLD has been the subject of several recent research reports. Argus increased their price objective on shares of Prologis from $120.
00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Evercore ISI raised their price objective on Prologis from $122.
00 to $124.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Bank of America restated a “neutral” rating and set a $128.
00 price objective on shares of Prologis in a research note on Monday, August 12th. Barclays increased their target price on Prologis from $123.00 to $142.
00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Finally, Mizuho decreased their price target on Prologis from $130.00 to $120.
00 and set a “neutral” rating for the company in a report on Friday, May 31st. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus price target of $133.
12. Insider Activity In related news, CIO Joseph Ghazal sold 5,200 shares of the stock in a transaction dated 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 owns 13,187 shares in the company, valued at approximately $1,702,046.
09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link . Corporate insiders own 0.
50% of the company’s stock. Prologis Trading Down 0.1 % Shares of NYSE:PLD opened at $127.
23 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.
36 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $122.
67 and its 200 day moving average price is $118.83. The company has a market cap of $117.
80 billion, a PE ratio of 37.20, a P/E/G ratio of 3.28 and a beta of 1.
07. Prologis, Inc. has a fifty-two week low of $96.
64 and a fifty-two week high of $137.52. Prologis ( NYSE:PLD – Get Free Report ) last released its quarterly earnings results on Wednesday, July 17th.
The real estate investment trust reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.
41). Prologis had a net margin of 36.37% and a return on equity of 4.
88%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.
86 billion. During the same period last year, the firm posted $1.83 EPS.
The business’s quarterly revenue was down 18.1% on a year-over-year basis. Sell-side analysts anticipate that Prologis, Inc.
will post 5.42 earnings per share for the current year. Prologis Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th.
Stockholders of record on Monday, September 16th will be paid a $0.96 dividend. The ex-dividend date is Monday, September 16th.
This represents a $3.84 annualized dividend and a dividend yield of 3.02%.
Prologis’s payout ratio is 112.28%. Prologis Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Prologis, Inc. ( NYSE:PLD – Free Report ). Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.
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