Prologis, Inc. $PLD Stock Sold by Vise Technologies Inc.

Vise Technologies Inc. reduced its holdings in shares of Prologis, Inc. (NYSE:PLD) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. MGO One Seven LLC lifted its holdings in shares of Prologis by 12.3% in the third quarter. MGO One Seven LLC now owns 24,222 shares of the real estate investment trust’s stock worth $3,145,000 after acquiring an additional 2,652 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Prologis by 2,862.3% during the 3rd quarter. International Assets Investment Management LLC now owns 67,452 shares of the real estate investment trust’s stock valued at $8,758,000 after purchasing an additional 65,175 shares during the last quarter. Brian Low Financial Group LLC grew its holdings in shares of Prologis by 4.4% during the 3rd quarter. Brian Low Financial Group LLC now owns 19,165 shares of the real estate investment trust’s stock valued at $2,488,000 after purchasing an additional 804 shares during the last quarter. Soltis Investment Advisors LLC increased its position in Prologis by 5.0% during the 3rd quarter. Soltis Investment Advisors LLC now owns 3,997 shares of the real estate investment trust’s stock worth $519,000 after purchasing an additional 191 shares in the last quarter. Finally, BOKF NA increased its position in Prologis by 13.9% during the 3rd quarter. BOKF NA now owns 1,183 shares of the real estate investment trust’s stock worth $154,000 after purchasing an additional 144 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PLD has been the subject of several research reports. Jefferies Financial Group reissued a “buy” rating and issued a $149.00 price objective on shares of Prologis in a research note on Monday. Robert W. Baird decreased their target price on shares of Prologis from $140.00 to $136.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 20th. Truist Financial lowered their price target on shares of Prologis from $162.00 to $141.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Raymond James Financial upgraded Prologis from a “market perform” rating to an “outperform” rating and set a $163.00 price target for the company in a research note on Wednesday, October 21st. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Prologis in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus target price of $154.05.

Prologis Stock Performance

Prologis stock opened at $129.64 on Tuesday. The business has a 50 day moving average of $132.71 and a 200-day moving average of $137.77. Prologis, Inc. has a 1 year low of $121.40 and a 1 year high of $153.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.34 and a quick ratio of 0.70. The company has a market capitalization of $120.97 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.42 and a beta of 1.31.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, September 16th. Prologis’s payout ratio is presently 94.48%.

Prologis 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.