Valeo Financial Advisors LLC Sells 25,141 Shares of Prologis, Inc. $PLD

Valeo Financial Advisors LLC cut its stake in Prologis, Inc. (NYSE:PLDFree Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 849,986 shares of the real estate investment trust’s stock after selling 25,141 shares during the quarter. Prologis makes up approximately 2.4% of Valeo Financial Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Valeo Financial Advisors LLC’s holdings in Prologis were worth $108,509,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after purchasing an additional 1,258,407 shares during the period. Principal Financial Group Inc. raised its position in shares of Prologis by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust’s stock valued at $1,397,467,000 after purchasing an additional 135,912 shares during the period. Swedbank AB raised its position in shares of Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after purchasing an additional 2,038,329 shares during the period. Capital International Investors raised its position in shares of Prologis by 15.0% in the third quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust’s stock valued at $829,970,000 after purchasing an additional 946,847 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Prologis by 1.2% in the third quarter. Wellington Management Group LLP now owns 6,995,375 shares of the real estate investment trust’s stock valued at $801,110,000 after purchasing an additional 85,012 shares during the period. 93.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on PLD. Freedom Capital downgraded shares of Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Morgan Stanley set a $135.00 price target on shares of Prologis in a research note on Friday, January 16th. Mizuho upped their price target on shares of Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. upped their price target on shares of Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, BTIG Research restated a “buy” rating and issued a $155.00 price target on shares of Prologis in a research note on Wednesday, April 15th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average price target of $149.76.

Get Our Latest Report on PLD

Prologis Stock Down 0.1%

PLD stock opened at $143.97 on Monday. The stock has a market capitalization of $134.23 billion, a P/E ratio of 36.26, a price-to-earnings-growth ratio of 3.17 and a beta of 1.33. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 12 month low of $103.02 and a 12 month high of $145.44. The firm has a 50-day moving average price of $136.83 and a 200-day moving average price of $132.04.

Prologis (NYSE:PLDGet Free Report) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities research analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. Prologis’s dividend payout ratio is 107.81%.

About Prologis

(Free Report)

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.

See Also

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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