Nilsine Partners LLC Sells 2,788 Shares of Prologis, Inc. (NYSE:PLD)

Nilsine Partners LLC trimmed its stake in shares of Prologis, Inc. (NYSE:PLD) by 12.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 20,121 shares of the real estate investment trust’s stock after selling 2,788 shares during the quarter. Nilsine Partners LLC’s holdings in Prologis were worth $2,127,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Berkshire Bank boosted its stake in shares of Prologis by 2.3% during the fourth quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust’s stock valued at $443,000 after purchasing an additional 95 shares during the period. Baldwin Wealth Partners LLC MA increased its stake in shares of Prologis by 11.7% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 85,251 shares of the real estate investment trust’s stock worth $9,011,000 after buying an additional 8,903 shares during the period. West Wealth Group LLC raised its holdings in Prologis by 1.7% during the 4th quarter. West Wealth Group LLC now owns 6,206 shares of the real estate investment trust’s stock valued at $656,000 after buying an additional 103 shares during the last quarter. James Hambro & Partners LLP purchased a new stake in Prologis during the 4th quarter valued at $820,000. Finally, Blue Trust Inc. grew its holdings in Prologis by 18.8% in the 4th quarter. Blue Trust Inc. now owns 24,573 shares of the real estate investment trust’s stock worth $2,597,000 after acquiring an additional 3,887 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Price Performance

PLD stock opened at $121.29 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23. The firm has a market capitalization of $112.33 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 3.19 and a beta of 1.09. The firm has a 50 day moving average price of $110.49 and a 200-day moving average price of $118.41. Prologis, Inc. has a 52-week low of $100.82 and a 52-week high of $135.76.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.17%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is 96.00%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Royal Bank of Canada upped their price objective on shares of Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research note on Monday. BTIG Research lowered their price target on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research report on Friday, January 17th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $132.00 price objective (down from $142.00) on shares of Prologis in a research report on Monday, October 21st. Wolfe Research decreased their target price on Prologis from $135.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

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.