Prologis (NYSE:PLD) Shares Acquired Rep. Thomas H. Kean, Jr.

Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of Prologis, Inc. (NYSE:PLD). In a filing disclosed on May 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Prologis stock on April 24th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Franklin Resources (NYSE:BEN) on 4/28/2025.
• Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 4/24/2025.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 4/24/2025.
• Purchased $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 4/24/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 4/10/2025.
• Sold $1,001 – $15,000 in shares of Fortive (NYSE:FTV) on 4/10/2025.
• Purchased $1,001 – $15,000 in shares of Canadian Pacific Kansas City (NYSE:CP) on 4/10/2025.
• Purchased $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 4/1/2025.
• Purchased $1,001 – $15,000 in shares of nVent Electric (NYSE:NVT) on 4/1/2025.

Prologis Stock Performance

NYSE:PLD opened at $110.56 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The firm has a market cap of $102.59 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.70 and a beta of 1.25. The business’s fifty day moving average is $104.90 and its 200 day moving average is $111.09.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Prologis had a return on equity of 6.44% and a net margin of 45.50%. Research analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.65%. Prologis’s payout ratio is 101.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PLD shares. Evercore ISI decreased their target price on Prologis from $111.00 to $106.00 and set an “in-line” rating on the stock in a research note on Thursday, April 17th. CJS Securities decreased their target price on Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. Royal Bank of Canada decreased their target price on Prologis from $128.00 to $117.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley decreased their target price on Prologis to $120.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Finally, UBS Group upped their target price on Prologis from $121.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.84.

Institutional Investors Weigh In On Prologis

Several institutional investors and hedge funds have recently bought and sold shares of the business. REAP Financial Group LLC lifted its holdings in Prologis by 40.0% in the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 84 shares during the period. Phoenix Financial Ltd. grew its stake in Prologis by 1.0% in the fourth quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust’s stock worth $955,000 after purchasing an additional 86 shares during the period. Principle Wealth Partners LLC raised its holdings in Prologis by 2.9% in the fourth quarter. Principle Wealth Partners LLC now owns 3,302 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 92 shares in the last quarter. Black Diamond Financial LLC lifted its position in Prologis by 2.2% during the fourth quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust’s stock valued at $449,000 after buying an additional 93 shares during the period. Finally, Berkshire Bank boosted its holdings in shares of Prologis by 2.3% during the 4th quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust’s stock valued at $443,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.