Prologis, Inc. (NYSE:PLD) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors cut its position in shares of Prologis, Inc. (NYSE:PLD) by 78.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 35,803 shares of the real estate investment trust’s stock after selling 130,700 shares during the quarter. Captrust Financial Advisors’ holdings in Prologis were worth $4,521,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Semmax Financial Advisors Inc. acquired a new position in shares of Prologis in the 2nd quarter worth $27,000. American Capital Advisory LLC acquired a new position in shares of Prologis in the 2nd quarter worth $26,000. Central Valley Advisors LLC acquired a new position in shares of Prologis in the 2nd quarter worth $29,000. Sunbelt Securities Inc. grew its holdings in shares of Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 224 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of Prologis in the 2nd quarter worth $31,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PLD shares. Bank of America restated a “neutral” rating and issued a $128.00 target price on shares of Prologis in a report on Monday, August 12th. Wells Fargo & Company lifted their price target on Prologis from $142.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Barclays lifted their price target on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Scotiabank lowered their price target on Prologis from $142.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Friday, October 25th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $132.00 price target (down previously from $142.00) on shares of Prologis in a report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.25.

Prologis Price Performance

PLD opened at $116.40 on Wednesday. Prologis, Inc. has a 1 year low of $101.11 and a 1 year high of $137.52. The stock has a fifty day moving average price of $118.28 and a 200 day moving average price of $118.87. The stock has a market cap of $107.81 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 3.39 and a beta of 1.07. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). Prologis had a return on equity of 5.34% and a net margin of 39.08%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the firm earned $1.30 EPS. Prologis’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts forecast that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

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.