Clarius Group LLC Lowers Stock Position in Prologis, Inc. (NYSE:PLD)

Clarius Group LLC lessened its stake in shares of Prologis, Inc. (NYSE:PLD) by 6.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,979 shares of the real estate investment trust’s stock after selling 359 shares during the quarter. Clarius Group LLC’s holdings in Prologis were worth $557,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in Prologis during the fourth quarter worth about $26,000. Crowley Wealth Management Inc. acquired a new stake in shares of Prologis during the fourth quarter worth about $27,000. Centricity Wealth Management LLC acquired a new stake in shares of Prologis during the fourth quarter worth about $30,000. REAP Financial Group LLC lifted its position in shares of Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 84 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Prologis during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 0.0%

Shares of NYSE:PLD opened at $105.05 on Thursday. The firm’s 50 day moving average price is $105.22 and its 200 day moving average price is $109.92. The stock has a market cap of $97.48 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 2.67 and a beta of 1.25. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.57. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.56.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. Prologis had a net margin of 44.59% and a return on equity of 6.45%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. As a group, equities research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a yield of 3.85%. Prologis’s payout ratio is currently 101.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PLD. Wolfe Research cut shares of Prologis from an “outperform” rating to a “peer perform” rating in a research report on Monday, April 21st. Royal Bank Of Canada reduced their price target on shares of Prologis from $128.00 to $117.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 29th. Truist Financial reduced their price target on shares of Prologis from $123.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. Robert W. Baird reduced their price target on shares of Prologis from $126.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Finally, Scotiabank increased their price target on shares of Prologis from $97.00 to $100.00 and gave the stock a “sector underperform” rating in a research report on Monday, May 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $120.42.

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.