Prologis, Inc. (NYSE:PLD) Shares Sold by BTC Capital Management Inc.

BTC Capital Management Inc. decreased its holdings in Prologis, Inc. (NYSE:PLD) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 67,093 shares of the real estate investment trust’s stock after selling 344 shares during the quarter. BTC Capital Management Inc.’s holdings in Prologis were worth $7,087,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dunhill Financial LLC raised its holdings in Prologis by 239.5% in the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 182 shares during the period. Sunbelt Securities Inc. raised its holdings in Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 224 shares during the period. Hara Capital LLC acquired a new position in shares of Prologis during the third quarter valued at approximately $48,000. Coastline Trust Co acquired a new position in shares of Prologis during the third quarter valued at approximately $52,000. Finally, Fortitude Family Office LLC raised its holdings in shares of Prologis by 120.6% during the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 240 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Up 1.3 %

Shares of NYSE PLD opened at $120.66 on Friday. The stock has a market cap of $111.75 billion, a P/E ratio of 30.17, a PEG ratio of 2.66 and a beta of 1.09. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76. The business’s fifty day simple moving average is $110.96 and its 200-day simple moving average is $118.44.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Monday, December 16th. Prologis’s payout ratio is currently 96.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PLD shares. Wolfe Research dropped their price target on Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Royal Bank of Canada upped their price target on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research report on Monday. Baird R W upgraded Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. BMO Capital Markets lowered Prologis from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.78.

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.