UMB Bank n.a. Sells 1,225 Shares of Prologis, Inc. (NYSE:PLD)

UMB Bank n.a. lowered its holdings in Prologis, Inc. (NYSE:PLD) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,546 shares of the real estate investment trust’s stock after selling 1,225 shares during the period. UMB Bank n.a.’s holdings in Prologis were worth $12,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. ASB Consultores LLC lifted its position in shares of Prologis by 3.7% during the 3rd quarter. ASB Consultores LLC now owns 2,423 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 86 shares during the period. CX Institutional lifted its position in shares of Prologis by 2.7% during the 3rd quarter. CX Institutional now owns 3,347 shares of the real estate investment trust’s stock valued at $423,000 after acquiring an additional 88 shares during the period. DT Investment Partners LLC lifted its position in shares of Prologis by 9.8% during the 3rd quarter. DT Investment Partners LLC now owns 1,043 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 93 shares during the period. Carmel Capital Partners LLC lifted its position in shares of Prologis by 2.6% during the 3rd quarter. Carmel Capital Partners LLC now owns 3,749 shares of the real estate investment trust’s stock valued at $473,000 after acquiring an additional 94 shares during the period. Finally, Yoder Wealth Management Inc. lifted its position in shares of Prologis by 4.0% during the 3rd quarter. Yoder Wealth Management Inc. now owns 2,500 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 97 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on PLD shares. Mizuho decreased their price target on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Raymond James restated an “outperform” rating and set a $125.00 price target (down previously from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $132.00 target price (down previously from $142.00) on shares of Prologis in a research note on Monday, October 21st. Barclays upped their target price 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. Finally, Truist Financial reduced their price target on shares of Prologis from $132.00 to $121.00 and set a “buy” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

Prologis Trading Down 1.3 %

Shares of Prologis stock opened at $109.51 on Monday. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76. The company has a market cap of $101.43 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 2.85 and a beta of 1.09. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $110.34 and its 200-day moving average price is $118.33.

Prologis Announces Dividend

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 $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Monday, December 16th. Prologis’s payout ratio is 116.01%.

Prologis 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.