Prologis, Inc. (NYSE:PLD) Shares Sold by Sapient Capital LLC

Sapient Capital LLC lessened its stake in Prologis, Inc. (NYSE:PLD) by 21.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,252 shares of the real estate investment trust’s stock after selling 1,422 shares during the period. Sapient Capital LLC’s holdings in Prologis were worth $684,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. True Wealth Design LLC acquired a new position in shares of Prologis in the fourth quarter worth $27,000. Optimum Investment Advisors acquired a new position in shares of Prologis in the first quarter worth $26,000. Thompson Investment Management Inc. acquired a new position in shares of Prologis in the fourth quarter worth $28,000. JFS Wealth Advisors LLC lifted its position in shares of Prologis by 254.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 168 shares during the last quarter. Finally, Clear Investment Research LLC lifted its position in shares of Prologis by 188.1% during the 4th quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of NYSE:PLD traded down $2.96 on Tuesday, reaching $102.05. The company’s stock had a trading volume of 5,583,314 shares, compared to its average volume of 3,501,471. The stock’s 50-day moving average is $123.87 and its two-hundred day moving average is $121.92. Prologis, Inc. has a 52-week low of $96.64 and a 52-week high of $137.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $94.48 billion, a P/E ratio of 29.84, a PEG ratio of 2.17 and a beta of 1.00.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.76%. This is a boost from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date was Friday, March 15th. Prologis’s dividend payout ratio is presently 112.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Prologis from $133.00 to $137.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. Argus decreased their price objective on shares of Prologis from $139.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Mizuho reissued a “neutral” rating and issued a $130.00 price target on shares of Prologis in a research report on Tuesday, April 2nd. BMO Capital Markets cut shares of Prologis from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $145.00 to $112.00 in a research report on Monday, April 22nd. Finally, TheStreet raised shares of Prologis from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $133.53.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.