Yousif Capital Management LLC Reduces Stake in Prologis, Inc. (NYSE:PLD)

Yousif Capital Management LLC lowered its position in Prologis, Inc. (NYSE:PLD) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 150,302 shares of the real estate investment trust’s stock after selling 956 shares during the period. Yousif Capital Management LLC’s holdings in Prologis were worth $16,802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Pallas Capital Advisors LLC boosted its position in Prologis by 1.2% in the first quarter. Pallas Capital Advisors LLC now owns 26,413 shares of the real estate investment trust’s stock valued at $2,953,000 after buying an additional 306 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Prologis by 5.8% in the first quarter. Farther Finance Advisors LLC now owns 7,533 shares of the real estate investment trust’s stock valued at $840,000 after buying an additional 410 shares during the last quarter. Daymark Wealth Partners LLC purchased a new stake in Prologis in the first quarter valued at approximately $217,000. Moss Adams Wealth Advisors LLC purchased a new stake in Prologis in the 1st quarter worth approximately $235,000. Finally, Greystone Financial Group LLC boosted its position in Prologis by 6.8% in the 1st quarter. Greystone Financial Group LLC now owns 80,991 shares of the real estate investment trust’s stock worth $9,054,000 after purchasing an additional 5,152 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Up 0.1%

NYSE PLD opened at $108.95 on Tuesday. The business has a fifty day moving average price of $103.61 and a 200 day moving average price of $110.31. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The company has a market cap of $101.10 billion, a P/E ratio of 27.24, a P/E/G ratio of 2.70 and a beta of 1.25.

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

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis’s dividend payout ratio (DPR) is presently 101.00%.

Analyst Ratings Changes

PLD has been the topic of several recent research reports. Royal Bank of Canada lowered their price objective on Prologis from $128.00 to $117.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 29th. Scotiabank upped their price objective on Prologis from $97.00 to $100.00 and gave the stock a “sector underperform” rating in a research report on Monday, May 12th. Robert W. Baird lowered their price objective on Prologis from $126.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Wells Fargo & Company lowered their price objective on Prologis from $146.00 to $119.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Finally, Wolfe Research lowered Prologis from an “outperform” rating to a “peer perform” rating in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and an average target price of $120.42.

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.