Prologis, Inc. $PLD Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC trimmed its position in Prologis, Inc. (NYSE:PLD) by 24.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,634 shares of the real estate investment trust’s stock after selling 1,505 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Prologis were worth $487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PLD. Nuveen LLC acquired a new stake in shares of Prologis in the 1st quarter valued at $1,456,768,000. Valeo Financial Advisors LLC raised its holdings in shares of Prologis by 282.5% in the 1st quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust’s stock valued at $433,229,000 after purchasing an additional 2,862,183 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Prologis by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust’s stock valued at $1,113,994,000 after purchasing an additional 1,146,454 shares in the last quarter. Strs Ohio acquired a new stake in shares of Prologis in the 1st quarter valued at $98,308,000. Finally, Vanguard Group Inc. raised its holdings in shares of Prologis by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust’s stock valued at $13,564,533,000 after purchasing an additional 869,310 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Prologis

In other 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 completion of the sale, the chief accounting officer 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cristina Gabriela Bita sold 500 shares of the firm’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 completion of the sale, the director owned 9,329 shares of the company’s stock, valued at $1,079,272.01. This trade represents a 5.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,500 shares of company stock valued at $2,952,095 in the last 90 days. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on PLD. Industrial Alliance Securities set a $119.00 target price on shares of Prologis in a research report on Monday, October 20th. Mizuho set a $118.00 target price on shares of Prologis and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Scotiabank set a $114.00 target price on shares of Prologis and gave the company a “sector perform” rating in a research report on Wednesday, August 27th. Citigroup dropped their target price on shares of Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Finally, BMO Capital Markets raised shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 target price on the stock in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.56.

Prologis Trading Down 1.9%

Shares of Prologis stock opened at $123.37 on Thursday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $127.50. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.20. The company has a market capitalization of $114.57 billion, a P/E ratio of 35.97, a PEG ratio of 3.19 and a beta of 1.28. The company’s fifty day moving average is $116.20 and its two-hundred day moving average is $109.81.

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

Prologis Dividend Announcement

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

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.