Siemens Fonds Invest GmbH Has $622,000 Position in Prologis, Inc. (NYSE:PLD)

Siemens Fonds Invest GmbH trimmed its holdings in Prologis, Inc. (NYSE:PLD) by 78.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,888 shares of the real estate investment trust’s stock after selling 21,752 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Prologis were worth $622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Prologis during the 4th quarter worth approximately $26,000. Crowley Wealth Management Inc. bought a new position in Prologis during the fourth quarter worth $27,000. Centricity Wealth Management LLC acquired a new stake in Prologis in the fourth quarter worth $30,000. Promus Capital LLC acquired a new stake in Prologis in the fourth quarter worth $34,000. Finally, Whipplewood Advisors LLC bought a new stake in Prologis in the fourth quarter valued at $34,000. Institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PLD shares. Raymond James reissued a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. Mizuho cut their price target on Prologis from $117.00 to $105.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. CJS Securities reduced their price objective on Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. Barclays reduced their price target on shares of Prologis from $132.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Finally, Morgan Stanley decreased their price target on shares of Prologis to $120.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $121.84.

Prologis Trading Up 1.2%

NYSE:PLD opened at $110.56 on Friday. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.57. The firm has a 50-day moving average price of $104.90 and a two-hundred day moving average price of $111.09. The firm has a market cap of $102.59 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a return on equity of 6.44% and a net margin of 45.50%. On average, equities analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis’s dividend payout ratio (DPR) is currently 101.00%.

Prologis Company Profile

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.