Yousif Capital Management LLC Reduces Stock Holdings in Prologis, Inc. (NYSE:PLD)

Yousif Capital Management LLC reduced its stake in shares of Prologis, Inc. (NYSE:PLD) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,258 shares of the real estate investment trust’s stock after selling 5,899 shares during the period. Yousif Capital Management LLC’s holdings in Prologis were worth $15,988,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Dunhill Financial LLC lifted its position in shares of Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 182 shares in the last quarter. Hara Capital LLC purchased a new position in shares of Prologis during the 3rd quarter valued at about $48,000. Coastline Trust Co purchased a new position in shares of Prologis during the 3rd quarter valued at about $52,000. Fortitude Family Office LLC lifted its position in shares of Prologis by 120.6% during the 3rd quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 240 shares in the last quarter. Finally, Hanson & Doremus Investment Management lifted its position in shares of Prologis by 42.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 623 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 185 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLD has been the topic of a number of analyst reports. BTIG Research lowered their price objective on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. BNP Paribas raised Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. BMO Capital Markets downgraded Prologis from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $120.00 to $104.00 in a research note on Friday, December 6th. Finally, UBS Group lifted their target price on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.78.

Prologis Price Performance

Shares of PLD stock opened at $118.38 on Wednesday. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The stock has a market capitalization of $109.64 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 2.66 and a beta of 1.10. The stock has a fifty day simple moving average of $111.02 and a two-hundred day simple moving average of $118.33. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio is currently 96.00%.

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.