Siemens Fonds Invest GmbH Decreases Stock Position in Prologis, Inc. (NYSE:PLD)

Siemens Fonds Invest GmbH lessened its position in shares of Prologis, Inc. (NYSE:PLD) by 78.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,888 shares of the real estate investment trust’s stock after selling 21,752 shares during the period. Siemens Fonds Invest GmbH’s holdings in Prologis were worth $622,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

PLD has been the topic of a number of analyst reports. Mizuho lowered their target price on shares of Prologis from $117.00 to $105.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Morgan Stanley reduced their price target on Prologis to $120.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada decreased their price objective on Prologis from $128.00 to $117.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 29th. Evercore ISI cut their target price on Prologis from $111.00 to $106.00 and set an “in-line” rating for the company in a research note on Thursday, April 17th. Finally, BNP Paribas upgraded Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.84.

Prologis Trading Up 1.2%

Shares of Prologis stock opened at $110.56 on Friday. The company has a 50 day simple moving average of $104.90 and a two-hundred day simple moving average of $111.09. The firm has a market cap of $102.59 billion, a PE ratio of 27.64, a PEG ratio of 2.70 and a beta of 1.25. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43.

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

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.65%. Prologis’s dividend payout ratio is 101.00%.

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.