International Assets Investment Management LLC Sells 757 Shares of Prologis, Inc. (NYSE:PLD)

International Assets Investment Management LLC trimmed its stake in shares of Prologis, Inc. (NYSE:PLD) by 23.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,513 shares of the real estate investment trust’s stock after selling 757 shares during the period. International Assets Investment Management LLC’s holdings in Prologis were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in shares of Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after buying an additional 15,078 shares during the last quarter. IFP Advisors Inc boosted its position in Prologis by 29.7% in the fourth quarter. IFP Advisors Inc now owns 4,624 shares of the real estate investment trust’s stock worth $489,000 after purchasing an additional 1,058 shares during the last quarter. NewEdge Wealth LLC grew its stake in shares of Prologis by 5.1% during the 4th quarter. NewEdge Wealth LLC now owns 30,955 shares of the real estate investment trust’s stock valued at $3,272,000 after purchasing an additional 1,489 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of Prologis during the 4th quarter valued at about $34,000. Finally, Nwam LLC increased its position in shares of Prologis by 11.0% during the 4th quarter. Nwam LLC now owns 3,106 shares of the real estate investment trust’s stock valued at $328,000 after purchasing an additional 307 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. CJS Securities dropped their price objective on shares of Prologis from $140.00 to $117.00 in a report on Friday, April 11th. BMO Capital Markets cut their price objective on shares of Prologis from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada decreased their target price on Prologis from $128.00 to $117.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 29th. Morgan Stanley lowered their target price on Prologis to $120.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Finally, Wells Fargo & Company reduced their price target on Prologis from $146.00 to $119.00 and set an “overweight” rating for the company in a research report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average price target of $120.42.

Prologis Price Performance

Shares of Prologis stock opened at $105.58 on Friday. The firm has a market cap of $97.97 billion, a PE ratio of 26.39, a PEG ratio of 2.65 and a beta of 1.25. The stock has a 50 day moving average of $106.21 and a 200 day moving average of $109.50. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Prologis had a net margin of 44.59% and a return on equity of 6.45%. On average, research analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Tuesday, June 17th. Prologis’s dividend payout ratio (DPR) is 101.00%.

Prologis Company 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.