SC&H Financial Advisors Inc. Has $443,000 Holdings in Prologis, Inc. $PLD

SC&H Financial Advisors Inc. lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 12.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,212 shares of the real estate investment trust’s stock after purchasing an additional 451 shares during the quarter. SC&H Financial Advisors Inc.’s holdings in Prologis were worth $443,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after acquiring an additional 15,078 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Prologis by 9.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 50,754 shares of the real estate investment trust’s stock worth $5,365,000 after purchasing an additional 4,544 shares in the last quarter. Quent Capital LLC raised its position in Prologis by 20.2% in the first quarter. Quent Capital LLC now owns 1,806 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 304 shares during the period. AdvisorNet Financial Inc boosted its position in shares of Prologis by 16.1% in the 1st quarter. AdvisorNet Financial Inc now owns 878 shares of the real estate investment trust’s stock valued at $98,000 after purchasing an additional 122 shares during the period. Finally, GAMMA Investing LLC increased its stake in Prologis by 13,272.2% in the 1st quarter. GAMMA Investing LLC now owns 1,333,207 shares of the real estate investment trust’s stock valued at $149,039,000 after purchasing an additional 1,323,237 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Price Performance

Shares of NYSE PLD opened at $114.27 on Friday. The firm has a market cap of $106.07 billion, a PE ratio of 30.97, a PEG ratio of 2.88 and a beta of 1.26. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $127.65. The company has a fifty day moving average price of $110.41 and a 200 day moving average price of $107.48.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, topping the consensus estimate of $1.41 by $0.05. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.5%. Prologis’s dividend payout ratio (DPR) is presently 109.49%.

Insiders Place Their Bets

In related news, Director Cristina Gabriela Bita sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total transaction of $111,000.00. Following the completion of the sale, the director directly owned 9,829 shares of the company’s stock, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total value of $2,783,250.00. Following the completion of the sale, the chief accounting officer owned 414 shares of the company’s stock, valued at approximately $46,090.62. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PLD. Mizuho set a $118.00 price objective on Prologis and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Barclays dropped their price objective on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research note on Monday, September 15th. Scotiabank set a $114.00 price target on shares of Prologis and gave the company a “sector perform” rating in a report on Wednesday, August 27th. Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Finally, UBS Group upped their target price on Prologis from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.58.

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.