Tilt Investment Management Holdings PBC Sells 1,271 Shares of Prologis, Inc. (NYSE:PLD)

Tilt Investment Management Holdings PBC reduced its stake in shares of Prologis, Inc. (NYSE:PLD) by 25.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,802 shares of the real estate investment trust’s stock after selling 1,271 shares during the quarter. Tilt Investment Management Holdings PBC’s holdings in Prologis were worth $507,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Cambridge Trust Co. increased its position in shares of Prologis by 1.0% during the fourth quarter. Cambridge Trust Co. now owns 211,074 shares of the real estate investment trust’s stock valued at $28,136,000 after buying an additional 2,060 shares during the period. CapWealth Advisors LLC purchased a new position in shares of Prologis during the 4th quarter worth approximately $226,000. OLD Second National Bank of Aurora raised its position in shares of Prologis by 1.2% in the 4th quarter. OLD Second National Bank of Aurora now owns 9,973 shares of the real estate investment trust’s stock worth $1,329,000 after acquiring an additional 118 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Prologis by 80.9% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,323 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 1,039 shares during the period. Finally, Telos Capital Management Inc. boosted its position in shares of Prologis by 7.4% during the fourth quarter. Telos Capital Management Inc. now owns 7,761 shares of the real estate investment trust’s stock valued at $1,034,000 after purchasing an additional 534 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PLD shares. Royal Bank of Canada increased their price objective on Prologis from $128.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Robert W. Baird increased their price target on shares of Prologis from $133.00 to $137.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. Raymond James lifted their price target on shares of Prologis from $130.00 to $145.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 24th. Mizuho restated a “neutral” rating and issued a $130.00 price objective on shares of Prologis in a report on Tuesday, April 2nd. Finally, Morgan Stanley lifted their target price on shares of Prologis from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.00.

Prologis Stock Performance

NYSE:PLD traded down $1.82 during mid-day trading on Thursday, reaching $104.67. The company’s stock had a trading volume of 3,827,726 shares, compared to its average volume of 3,360,962. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.50. The stock has a market cap of $96.82 billion, a P/E ratio of 31.56, a PEG ratio of 2.29 and a beta of 1.00. The firm’s fifty day moving average price is $128.99 and its two-hundred day moving average price is $122.19. Prologis, Inc. has a 12-month low of $96.64 and a 12-month high of $137.52.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, January 17th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.58). Prologis had a net margin of 38.13% and a return on equity of 5.29%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the firm earned $1.24 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts forecast that Prologis, Inc. will post 5.5 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.67%. This is a boost from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Friday, March 15th. Prologis’s dividend payout ratio is presently 116.72%.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.