Prologis, Inc. $PLD Shares Bought by Howard Capital Management Inc.

Howard Capital Management Inc. lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 13.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,213 shares of the real estate investment trust’s stock after acquiring an additional 742 shares during the quarter. Howard Capital Management Inc.’s holdings in Prologis were worth $653,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. Stratos Wealth Partners LTD. boosted its position in shares of Prologis by 0.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock valued at $1,438,000 after purchasing an additional 93 shares in the last quarter. Michael S. Ryan Inc. raised its holdings in shares of Prologis by 2.9% during the second quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust’s stock valued at $348,000 after acquiring an additional 94 shares during the period. LaSalle St. Investment Advisors LLC lifted its position in shares of Prologis by 3.7% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 96 shares in the last quarter. Van Hulzen Asset Management LLC boosted its stake in Prologis by 5.6% in the 1st quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock worth $201,000 after purchasing an additional 96 shares during the period. Finally, Sandler Capital Management grew its position in Prologis by 5.3% during the 1st quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 100 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer directly owned 414 shares in the company, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Cristina Gabriela Bita sold 500 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $115.69, for a total transaction of $57,845.00. Following the transaction, the director directly owned 9,329 shares of the company’s stock, valued at approximately $1,079,272.01. This represents a 5.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,500 shares of company stock valued at $2,952,095 over the last 90 days. 0.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group set a $137.00 target price on Prologis and gave the company a “buy” rating in a report on Tuesday, October 21st. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and upped their price target for the company from $118.00 to $130.00 in a research report on Tuesday, September 16th. BMO Capital Markets upgraded Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective for the company in a research report on Monday, October 20th. Evercore ISI lifted their target price on Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a research note on Thursday, October 16th. Finally, Wells Fargo & Company upped their target price on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.56.

Prologis Stock Performance

Shares of NYSE PLD opened at $123.37 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.20 and a quick ratio of 0.65. Prologis, Inc. has a one year low of $85.35 and a one year high of $127.50. The business’s 50-day moving average price is $116.20 and its two-hundred day moving average price is $109.81. The company has a market capitalization of $114.57 billion, a P/E ratio of 35.97, a price-to-earnings-growth ratio of 3.19 and a beta of 1.28.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.05. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the company earned $1.43 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.3%. Prologis’s dividend payout ratio (DPR) is currently 117.78%.

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.