Bank Julius Baer & Co. Ltd Zurich Sells 909 Shares of Prologis, Inc. (NYSE:PLD)

Bank Julius Baer & Co. Ltd Zurich lowered its stake in shares of Prologis, Inc. (NYSE:PLD) by 18.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,923 shares of the real estate investment trust’s stock after selling 909 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Prologis were worth $523,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thompson Investment Management Inc. bought a new position in Prologis during the 4th quarter valued at about $28,000. FinTrust Capital Advisors LLC lifted its stake in shares of Prologis by 966.7% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 232 shares during the period. Salem Investment Counselors Inc. bought a new position in shares of Prologis in the 4th quarter worth approximately $37,000. FNY Investment Advisers LLC bought a new position in shares of Prologis in the 4th quarter worth approximately $39,000. Finally, Valley National Advisers Inc. lifted its stake in shares of Prologis by 178.6% in the 3rd quarter. Valley National Advisers Inc. now owns 390 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 250 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 0.7 %

Shares of PLD opened at $104.06 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.08 and a quick ratio of 0.30. Prologis, Inc. has a 1 year low of $96.64 and a 1 year high of $137.52. The company has a 50 day simple moving average of $125.06 and a two-hundred day simple moving average of $121.94. The firm has a market cap of $96.26 billion, a P/E ratio of 30.43, a price-to-earnings-growth ratio of 2.15 and a beta of 1.00.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were issued a dividend of $0.96 per share. This is a positive change from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend was Friday, March 15th. Prologis’s dividend payout ratio (DPR) is 112.28%.

Wall Street Analyst Weigh In

PLD has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Prologis from $143.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday. Raymond James increased their price objective on shares of Prologis from $130.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 24th. BMO Capital Markets cut shares of Prologis from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $145.00 to $112.00 in a research note on Monday, April 22nd. Robert W. Baird increased their price objective on shares of Prologis from $133.00 to $137.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. Finally, Mizuho reissued a “neutral” rating and issued a $130.00 target price on shares of Prologis in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.24.

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.