Banco Bilbao Vizcaya Argentaria S.A. Has $5.43 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

Banco Bilbao Vizcaya Argentaria S.A. decreased its stake in Prologis, Inc. (NYSE:PLD) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,041 shares of the real estate investment trust’s stock after selling 5,342 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Prologis were worth $5,434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Murphy & Mullick Capital Management Corp bought a new stake in shares of Prologis during the fourth quarter valued at approximately $26,000. Crowley Wealth Management Inc. bought a new stake in Prologis in the 4th quarter valued at $27,000. Centricity Wealth Management LLC acquired a new position in shares of Prologis in the 4th quarter valued at $30,000. Promus Capital LLC bought a new position in shares of Prologis during the 4th quarter worth about $34,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Prologis during the 4th quarter valued at about $34,000. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Scotiabank restated a “sector underperform” rating and issued a $97.00 price target (down from $133.00) on shares of Prologis in a research report on Monday, April 7th. Robert W. Baird boosted their target price on Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Raymond James reaffirmed a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. Truist Financial boosted their price objective on Prologis from $121.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, UBS Group raised their target price on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.32.

Insiders Place Their Bets

In related news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total value of $1,305,783.78. Following the completion of the transaction, the executive now directly owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.57% of the company’s stock.

Prologis Stock Down 1.0 %

NYSE:PLD opened at $102.31 on Friday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The stock has a market cap of $94.84 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.70 and a beta of 1.20. The stock has a 50-day moving average price of $109.48 and a two-hundred day moving average price of $112.56.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Prologis had a return on equity of 6.44% and a net margin of 45.50%. As a group, equities analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a $1.01 dividend. This is a boost from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $4.04 annualized dividend and a dividend yield of 3.95%. Prologis’s dividend payout ratio (DPR) is presently 101.00%.

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.