Prologis, Inc. (NYSE:PLD) Shares Sold by VCI Wealth Management LLC

VCI Wealth Management LLC reduced its position in shares of Prologis, Inc. (NYSE:PLD) by 10.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,238 shares of the real estate investment trust’s stock after selling 1,868 shares during the period. VCI Wealth Management LLC’s holdings in Prologis were worth $1,611,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. ASB Consultores LLC grew its stake in shares of Prologis by 3.7% in the third quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 86 shares in the last quarter. CX Institutional lifted its holdings in shares of Prologis by 2.7% in the third quarter. CX Institutional now owns 3,347 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 88 shares during the period. DT Investment Partners LLC lifted its holdings in shares of Prologis by 9.8% in the third quarter. DT Investment Partners LLC now owns 1,043 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 93 shares during the period. Carmel Capital Partners LLC lifted its holdings in shares of Prologis by 2.6% in the third quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 94 shares during the period. Finally, Berkshire Bank lifted its holdings in shares of Prologis by 2.3% in the fourth quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust’s stock valued at $443,000 after buying an additional 95 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of NYSE:PLD opened at $121.29 on Tuesday. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $135.76. The firm has a market capitalization of $112.33 billion, a PE ratio of 30.32, a PEG ratio of 3.19 and a beta of 1.09. The business’s 50 day moving average is $110.49 and its 200-day moving average is $118.41. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio is 96.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PLD. Wolfe Research cut their price objective on Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Robert W. Baird raised Prologis from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $124.00 to $123.00 in a report on Monday, January 6th. BTIG Research reduced their target price on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a report on Friday, January 17th. Raymond James reissued an “outperform” rating and issued a $125.00 price objective (down from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. Finally, BNP Paribas raised Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.78.

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.