Diversified Trust Co decreased its position in shares of Prologis, Inc. (NYSE:PLD – Free Report) by 16.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,747 shares of the real estate investment trust’s stock after selling 3,163 shares during the quarter. Diversified Trust Co’s holdings in Prologis were worth $2,051,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC bought a new position in Prologis during the 4th quarter worth $27,000. Optimum Investment Advisors bought a new position in shares of Prologis in the 1st quarter worth about $26,000. Thompson Investment Management Inc. bought a new position in shares of Prologis in the 4th quarter worth about $28,000. JFS Wealth Advisors LLC raised its position in shares of Prologis by 254.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 168 shares in the last quarter. Finally, Clear Investment Research LLC raised its position in shares of Prologis by 188.1% in the 4th quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 158 shares in 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 $0.83 during midday trading on Monday, reaching $111.48. The company’s stock had a trading volume of 804,271 shares, compared to its average volume of 3,742,516. Prologis, Inc. has a 12-month low of $96.64 and a 12-month 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 firm has a 50 day moving average price of $108.14 and a 200-day moving average price of $121.77. The stock has a market capitalization of $103.21 billion, a P/E ratio of 32.55, a PEG ratio of 2.50 and a beta of 1.06.
Prologis Announces Dividend
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Royal Bank of Canada lowered their price objective on Prologis from $145.00 to $124.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Scotiabank decreased their target price on Prologis from $149.00 to $130.00 and set a “sector outperform” rating for the company in a research report on Thursday, May 16th. JPMorgan Chase & Co. decreased their target price on Prologis from $143.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Argus decreased their target price on Prologis from $139.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Finally, UBS Group decreased their target price on Prologis from $151.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.76.
Check Out Our Latest Research Report on PLD
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.
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