UMB Bank n.a. Sells 1,225 Shares of Prologis, Inc. (NYSE:PLD)

UMB Bank n.a. trimmed its position in shares of Prologis, Inc. (NYSE:PLD) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,546 shares of the real estate investment trust’s stock after selling 1,225 shares during the quarter. UMB Bank n.a.’s holdings in Prologis were worth $12,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. bought a new stake in Prologis during the second quarter worth about $27,000. Dunhill Financial LLC lifted its position in shares of Prologis by 239.5% during the third 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 in the last quarter. Sunbelt Securities Inc. lifted its position in shares of Prologis by 640.0% during the second 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 in the last quarter. Hara Capital LLC acquired a new position in shares of Prologis during the third quarter worth approximately $48,000. Finally, Coastline Trust Co acquired a new position in shares of Prologis during the third quarter worth approximately $52,000. 93.50% of the stock is owned by institutional investors.

Prologis Trading Down 1.3 %

PLD opened at $109.51 on Monday. The firm’s fifty day moving average is $110.34 and its two-hundred day moving average is $118.33. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The firm has a market cap of $101.43 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09.

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 given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio is 116.01%.

Analyst Upgrades and Downgrades

PLD has been the topic of a number of research reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $132.00 target price (down from $142.00) on shares of Prologis in a research report on Monday, October 21st. Barclays upped their target price on shares of Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. BMO Capital Markets lowered shares of Prologis from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. Robert W. Baird upgraded shares of Prologis from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $124.00 to $123.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and an average target price of $128.67.

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.