4,410 Prologis, Inc. $PLD Shares Sold by Vise Technologies Inc.

Vise Technologies Inc. cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 7.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,621 shares of the real estate investment trust’s stock after selling 4,410 shares during the quarter. Vise Technologies Inc.’s holdings in Prologis were worth $7,092,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Baird Financial Group Inc. raised its holdings in Prologis by 20.6% during the 2nd quarter. Baird Financial Group Inc. now owns 122,809 shares of the real estate investment trust’s stock worth $16,637,000 after purchasing an additional 21,000 shares during the last quarter. Nykredit A S acquired a new position in shares of Prologis in the 2nd quarter worth approximately $40,490,000. Callan Family Office LLC bought a new stake in shares of Prologis in the 2nd quarter valued at $3,394,000. BlackRock Inc. bought a new stake in shares of Prologis in the 2nd quarter valued at $14,006,587,000. Finally, Caisse de depot et placement du Quebec bought a new stake in shares of Prologis in the 2nd quarter valued at $151,479,000. Institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Shares of PLD opened at $129.64 on Tuesday. Prologis, Inc. has a 52-week low of $121.40 and a 52-week high of $153.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.70 and a current ratio of 0.34. The business’s 50 day moving average price is $132.71 and its two-hundred day moving average price is $137.77. The firm has a market cap of $120.97 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.42 and a beta of 1.31.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.3%. Prologis’s dividend payout ratio (DPR) is 94.48%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PLD. BTIG Research reiterated a “buy” rating and set a $170.00 price objective on shares of Prologis in a research report on Friday, October 16th. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Wells Fargo & Company cut their price target on shares of Prologis from $166.00 to $158.00 and set an “overweight” rating on the stock in a research report on Monday. Barclays increased their price target on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, UBS Group set a $150.00 price target on Prologis in a report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $154.05.

Prologis Company Profile

Prologis, Inc is a global real estate investment trust that owns, develops, acquires and manages logistics properties. Its portfolio primarily includes warehouses, distribution centers and fulfillment facilities used by retailers, manufacturers, transportation companies and other businesses to support supply-chain operations and e-commerce.

The company also provides property management, development and leasing services, along with related supply-chain and customer solutions. Through its Prologis Essentials platform, it offers services and technologies designed to help customers improve warehouse operations, including energy, mobility and operational solutions.

Prologis serves major population centers and trade corridors across North America, Europe, Asia and Latin America.