Moody National Bank Trust Division Decreases Holdings in Prologis, Inc. (NYSE:PLD)

Moody National Bank Trust Division reduced its position in Prologis, Inc. (NYSE:PLD) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,309 shares of the real estate investment trust’s stock after selling 160 shares during the period. Moody National Bank Trust Division’s holdings in Prologis were worth $2,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Semmax Financial Advisors Inc. purchased a new position in shares of Prologis in the second quarter worth about $27,000. Sunbelt Securities Inc. lifted 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 boosted its holdings in shares of Prologis by 239.5% in the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 182 shares during the period. Hara Capital LLC bought a new stake in shares of Prologis during the 3rd quarter valued at $48,000. Finally, Coastline Trust Co purchased a new stake in Prologis during the 3rd quarter worth about $52,000. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial cut their price objective on shares of Prologis from $137.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Baird R W upgraded Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Barclays boosted their target price on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Raymond James reiterated an “outperform” rating and set a $125.00 price target (down previously from $130.00) on shares of Prologis in a research report on Wednesday, December 11th. Finally, Robert W. Baird upgraded shares of Prologis from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $124.00 to $123.00 in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.06.

Prologis Stock Up 0.5 %

NYSE PLD traded up $0.52 during trading hours on Monday, reaching $104.11. 2,665,372 shares of the company’s stock traded hands, compared to its average volume of 3,932,764. The firm has a market cap of $96.42 billion, a PE ratio of 31.45, a PEG ratio of 3.27 and a beta of 1.09. 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, Inc. has a 52-week low of $100.82 and a 52-week high of $135.76. The firm has a 50-day simple moving average of $110.94 and a 200 day simple moving average of $118.50.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.29). Prologis had a net margin of 39.08% and a return on equity of 5.34%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the company posted $1.30 EPS. Prologis’s revenue was up 6.9% on a year-over-year basis. Sell-side analysts anticipate that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.96 per share. The ex-dividend date was Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.69%. 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.