Prologis, Inc. $PLD Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC decreased its position in Prologis, Inc. (NYSE:PLD) by 16.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 18,646 shares of the real estate investment trust’s stock after selling 3,539 shares during the period. V Square Quantitative Management LLC’s holdings in Prologis were worth $1,960,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Activest Wealth Management lifted its position in shares of Prologis by 637.1% in the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 223 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Prologis in the first quarter valued at $34,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Prologis in the first quarter valued at $34,000. Saudi Central Bank purchased a new stake in shares of Prologis in the first quarter valued at $41,000. Finally, Olde Wealth Management LLC purchased a new stake in shares of Prologis in the first quarter valued at $43,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wells Fargo & Company set a $137.00 price objective on Prologis and gave the company an “overweight” rating in a research report on Sunday, July 13th. UBS Group upped their target price on Prologis from $106.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Mizuho set a $118.00 target price on Prologis and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Evercore ISI upped their target price on Prologis from $111.00 to $113.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Finally, Bank of America upgraded Prologis from a “neutral” rating to a “buy” rating and upped their target price for the company from $118.00 to $130.00 in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and an average target price of $122.58.

Prologis Stock Performance

Shares of NYSE:PLD opened at $114.27 on Monday. The firm has a market capitalization of $106.07 billion, a PE ratio of 30.97, a P/E/G ratio of 2.88 and a beta of 1.26. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50-day moving average of $110.41 and a two-hundred day moving average of $107.46. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $127.65.

Prologis (NYSE:PLD) last announced its quarterly 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 analyst estimates of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $1.01 per share. The ex-dividend date is Tuesday, September 16th. This represents a $4.04 annualized dividend and a yield of 3.5%. Prologis’s dividend payout ratio is currently 109.49%.

Insider Activity

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

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.