Values First Advisors Inc. Has $397,000 Stock Holdings in Prologis, Inc. (NYSE:PLD)

Values First Advisors Inc. reduced its stake in Prologis, Inc. (NYSE:PLD) by 54.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,981 shares of the real estate investment trust’s stock after selling 3,549 shares during the period. Values First Advisors Inc.’s holdings in Prologis were worth $397,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. RB Capital Management LLC increased its position in Prologis by 14.7% during the 1st quarter. RB Capital Management LLC now owns 3,004 shares of the real estate investment trust’s stock worth $485,000 after buying an additional 385 shares during the period. Blair William & Co. IL increased its position in Prologis by 5.3% during the 1st quarter. Blair William & Co. IL now owns 21,612 shares of the real estate investment trust’s stock worth $3,490,000 after buying an additional 1,092 shares during the period. Sequoia Financial Advisors LLC increased its position in Prologis by 87.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,382 shares of the real estate investment trust’s stock worth $546,000 after buying an additional 1,580 shares during the period. Baird Financial Group Inc. increased its position in Prologis by 41.8% during the 1st quarter. Baird Financial Group Inc. now owns 241,219 shares of the real estate investment trust’s stock worth $38,952,000 after buying an additional 71,112 shares during the period. Finally, Zions Bancorporation N.A. increased its position in Prologis by 38.8% during the 1st quarter. Zions Bancorporation N.A. now owns 2,078 shares of the real estate investment trust’s stock worth $336,000 after buying an additional 581 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Up 1.0 %

Shares of NYSE PLD traded up $1.32 during trading on Thursday, hitting $130.18. The stock had a trading volume of 3,676,079 shares, compared to its average volume of 3,136,057. The company has a market capitalization of $120.42 billion, a PE ratio of 39.57, a PEG ratio of 2.50 and a beta of 1.00. The firm has a fifty day moving average of $130.56 and a two-hundred day moving average of $121.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.30 and a quick ratio of 0.30. Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52.

Prologis (NYSE:PLD) last posted its quarterly earnings results 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). The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. Prologis had a net margin of 38.13% and a return on equity of 5.29%. Prologis’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. As a group, equities research analysts forecast that Prologis, Inc. will post 5.5 EPS for the current fiscal year.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 18th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Friday, March 15th. This is a positive change from Prologis’s previous quarterly dividend of $0.87. Prologis’s dividend payout ratio (DPR) is currently 116.72%.

Analysts Set New Price Targets

Several equities analysts have recently commented on PLD shares. TheStreet upgraded shares of Prologis from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. Mizuho boosted their target price on shares of Prologis from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Barclays dropped their target price on shares of Prologis from $153.00 to $141.00 and set an “overweight” rating for the company in a research report on Wednesday. Morgan Stanley lifted 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. Finally, 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 report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.67.

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.