Prologis, Inc. (NYSE:PLD) Shares Sold by Sapient Capital LLC

Sapient Capital LLC lowered its holdings in Prologis, Inc. (NYSE:PLD) by 21.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,252 shares of the real estate investment trust’s stock after selling 1,422 shares during the period. Sapient Capital LLC’s holdings in Prologis were worth $684,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PLD. Valeo Financial Advisors LLC increased its position in shares of Prologis by 182,067.2% in the first quarter. Valeo Financial Advisors LLC now owns 48,877,279 shares of the real estate investment trust’s stock worth $6,364,799,000 after acquiring an additional 48,850,448 shares in the last quarter. Norges Bank acquired a new stake in shares of Prologis in the fourth quarter worth $1,074,648,000. Capital World Investors increased its position in shares of Prologis by 1,252.9% in the fourth quarter. Capital World Investors now owns 7,305,582 shares of the real estate investment trust’s stock worth $973,834,000 after acquiring an additional 6,765,582 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Prologis during the 3rd quarter valued at $185,164,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in Prologis by 6.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,519,324 shares of the real estate investment trust’s stock valued at $1,853,633,000 after purchasing an additional 1,034,211 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 2.8 %

PLD stock traded down $2.96 during mid-day trading on Tuesday, hitting $102.05. 5,583,314 shares of the company were exchanged, compared to its average volume of 3,501,471. The firm has a fifty day simple moving average of $123.87 and a 200 day simple moving average of $121.92. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.51. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52. The company has a market capitalization of $94.48 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 2.17 and a beta of 1.00.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a $0.96 dividend. This is an increase from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Friday, March 15th. Prologis’s dividend payout ratio (DPR) is presently 112.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Prologis from $143.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Morgan Stanley raised their price target on shares of Prologis from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. TheStreet raised shares of Prologis from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Argus lowered their price target on shares of Prologis from $139.00 to $120.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, Barclays lowered their price target on shares of Prologis from $135.00 to $123.00 and set an “overweight” rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and a consensus target price of $133.53.

About Prologis

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.