Seven Post Investment Office LP Trims Position in Prologis, Inc. (NYSE:PLD)

Seven Post Investment Office LP lowered its position in Prologis, Inc. (NYSE:PLD) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,709 shares of the real estate investment trust’s stock after selling 17,662 shares during the period. Prologis comprises 5.8% of Seven Post Investment Office LP’s holdings, making the stock its 6th largest position. Seven Post Investment Office LP’s holdings in Prologis were worth $15,084,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Semmax Financial Advisors Inc. acquired a new stake in Prologis during the 2nd quarter worth approximately $27,000. Sunbelt Securities Inc. increased its position in shares of Prologis by 640.0% during the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 224 shares in the last quarter. Dunhill Financial LLC lifted its position in Prologis by 239.5% in the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 182 shares in the last quarter. Hara Capital LLC bought a new position in Prologis during the 3rd quarter worth about $48,000. Finally, Coastline Trust Co acquired a new stake in shares of Prologis in the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PLD shares. JPMorgan Chase & Co. reduced their price objective on Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $132.00 target price (down previously from $142.00) on shares of Prologis in a research report on Monday, October 21st. Truist Financial lowered their price target on shares of Prologis from $132.00 to $121.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Barclays increased their price objective on shares of Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.67.

Prologis Trading Down 1.3 %

Shares of Prologis stock opened at $109.51 on Tuesday. Prologis, Inc. has a 1 year low of $100.82 and a 1 year high of $135.76. The company has a market capitalization of $101.43 billion, a price-to-earnings ratio of 33.09, a P/E/G ratio of 2.85 and a beta of 1.09. The business has a fifty day simple moving average of $110.34 and a two-hundred day simple moving average of $118.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s payout ratio is 116.01%.

About Prologis

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.