Venture Visionary Partners LLC Sells 788 Shares of Prologis, Inc. (NYSE:PLD)

Venture Visionary Partners LLC lowered its position in Prologis, Inc. (NYSE:PLD) by 16.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,937 shares of the real estate investment trust’s stock after selling 788 shares during the period. Venture Visionary Partners LLC’s holdings in Prologis were worth $497,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Prologis by 34.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 22,345 shares of the real estate investment trust’s stock worth $2,822,000 after buying an additional 5,700 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its holdings in Prologis by 22.8% during the third quarter. Cyndeo Wealth Partners LLC now owns 52,622 shares of the real estate investment trust’s stock worth $6,645,000 after acquiring an additional 9,769 shares during the period. Werba Rubin Papier Wealth Management bought a new stake in Prologis during the third quarter worth $204,000. New Century Financial Group LLC boosted its position in Prologis by 3.3% in the third quarter. New Century Financial Group LLC now owns 4,338 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 138 shares during the last quarter. Finally, Veracity Capital LLC increased its position in shares of Prologis by 5.2% during the 3rd quarter. Veracity Capital LLC now owns 2,461 shares of the real estate investment trust’s stock valued at $311,000 after purchasing an additional 121 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Scotiabank boosted their price target on shares of Prologis from $135.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $132.00 target price (down from $142.00) on shares of Prologis in a research note on Monday. Morgan Stanley raised their price target on shares of Prologis from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. lowered their price target on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday. Finally, BMO Capital Markets reissued a “market perform” rating and set a $115.00 price objective on shares of Prologis in a report on Monday, July 15th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.47.

Prologis Stock Up 1.0 %

Shares of NYSE:PLD opened at $118.94 on Wednesday. The firm has a fifty day moving average price of $125.31 and a two-hundred day moving average price of $117.51. The company has a market cap of $110.12 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 3.05 and a beta of 1.07. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36. Prologis, Inc. has a one year low of $96.64 and a one year high of $137.52.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.29). Prologis had a net margin of 36.37% and a return on equity of 4.88%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the business posted $1.30 EPS. Prologis’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts anticipate that Prologis, Inc. will post 5.42 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Monday, September 16th. Prologis’s dividend payout ratio (DPR) is 112.28%.

Insider Activity at Prologis

In other news, CIO Joseph Ghazal sold 5,200 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $129.07, for a total value of $671,164.00. Following the transaction, the executive now owns 13,187 shares of the company’s stock, valued at $1,702,046.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by insiders.

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.