Prologis, Inc. (NYSE:PLD) Shares Sold by Trivium Point Advisory LLC

Trivium Point Advisory LLC cut its position in Prologis, Inc. (NYSE:PLD) by 14.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,512 shares of the real estate investment trust’s stock after selling 1,406 shares during the quarter. Trivium Point Advisory LLC’s holdings in Prologis were worth $952,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. REAP Financial Group LLC lifted its position in Prologis by 40.0% during the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 84 shares during the period. LaSalle St. Investment Advisors LLC lifted its position in Prologis by 3.7% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust’s stock worth $300,000 after acquiring an additional 96 shares during the period. CreativeOne Wealth LLC lifted its position in Prologis by 1.7% during the 4th quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust’s stock worth $642,000 after acquiring an additional 100 shares during the period. Focus Financial Network Inc. lifted its position in Prologis by 5.2% during the 1st quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust’s stock worth $234,000 after acquiring an additional 104 shares during the period. Finally, Exencial Wealth Advisors LLC lifted its position in Prologis by 5.1% during the 1st quarter. Exencial Wealth Advisors LLC now owns 2,210 shares of the real estate investment trust’s stock worth $247,000 after acquiring an additional 107 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Performance

NYSE PLD opened at $105.99 on Friday. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57. The company has a market capitalization of $98.37 billion, a P/E ratio of 28.72, a PEG ratio of 2.66 and a beta of 1.21. The business has a 50 day moving average price of $107.18 and a 200 day moving average price of $109.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the business posted $1.34 EPS. Prologis’s quarterly revenue was up 8.8% on a year-over-year basis. Sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group increased their price objective on Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Wells Fargo & Company set a $137.00 price objective on Prologis and gave the stock an “overweight” rating in a research report on Sunday, July 13th. Robert W. Baird decreased their price objective on Prologis from $126.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Royal Bank Of Canada reduced their price target on Prologis from $128.00 to $117.00 and set a “sector perform” rating for the company in a report on Tuesday, April 29th. Finally, Wolfe Research cut Prologis from an “outperform” rating to a “peer perform” rating in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $120.33.

Prologis 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.