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

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

Several other hedge funds have also recently bought and sold shares of PLD. REAP Financial Group LLC lifted its stake 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 in the last quarter. Pandora Wealth Inc. acquired a new position in Prologis during the 1st quarter worth about $34,000. GKV Capital Management Co. Inc. purchased a new stake in Prologis during the 1st quarter worth about $34,000. Olde Wealth Management LLC purchased a new stake in Prologis during the 1st quarter worth about $43,000. Finally, Cornerstone Planning Group LLC increased its holdings in Prologis by 63.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

PLD has been the topic of several recent research reports. Barclays cut their price target on Prologis from $132.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. UBS Group upped their price target on Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Wolfe Research downgraded Prologis from an “outperform” rating to a “peer perform” rating in a report on Monday, April 21st. Robert W. Baird cut their price target on Prologis from $126.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Finally, Citigroup cut their price target on Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and a consensus target price of $120.33.

Prologis Stock Down 0.2%

Shares of NYSE PLD opened at $105.99 on Friday. The stock has a market cap of $98.37 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 2.66 and a beta of 1.21. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The business has a 50-day moving average price of $107.18 and a 200 day moving average price of $109.27.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.05. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS. Equities research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Company 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.