Rep. David Taylor Purchases Shares of Prologis, Inc. (NYSE:PLD)

Representative David Taylor (R-Ohio) recently bought shares of Prologis, Inc. (NYSE:PLD). In a filing disclosed on September 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Prologis stock on August 14th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) – DAVE” account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 8/14/2025.
• Purchased $1,001 – $15,000 in shares of Marathon Petroleum (NYSE:MPC) on 8/14/2025.
• Purchased $15,001 – $50,000 in shares of Eli Lilly and Company (NYSE:LLY) on 8/14/2025.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 8/13/2025.
• Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 8/13/2025.
• Sold $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 8/13/2025.
• Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 8/7/2025.
• Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 8/7/2025.
• Purchased $1,001 – $15,000 in shares of Vertex Pharmaceuticals (NASDAQ:VRTX) on 8/7/2025.
• Sold $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 8/7/2025.

Prologis Trading Up 1.5%

NYSE PLD opened at $112.59 on Friday. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $104.51 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. The company’s 50-day simple moving average is $108.40 and its two-hundred day simple moving average is $108.37.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.05. The firm had revenue of $2.03 billion for 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 company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, September 16th. Prologis’s dividend payout ratio is presently 109.49%.

Analysts Set New Price Targets

Several research firms have recently commented on PLD. UBS Group boosted their price target on Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Mizuho set a $118.00 price target on shares of Prologis and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the company an “overweight” rating in a report on Sunday, July 13th. Citigroup decreased their target price on shares of Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Finally, Scotiabank set a $114.00 target price on shares of Prologis and gave the company a “sector perform” rating in a research note on Wednesday, August 27th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Prologis currently has an average rating of “Moderate Buy” and a consensus target price of $121.83.

Institutional Trading of Prologis

A number of institutional investors have recently bought and sold shares of the stock. Alley Investment Management Company LLC increased its position in shares of Prologis by 102.8% in the 1st quarter. Alley Investment Management Company LLC now owns 108,335 shares of the real estate investment trust’s stock valued at $12,111,000 after acquiring an additional 54,914 shares during the period. Jump Financial LLC purchased a new stake in Prologis during the 1st quarter valued at about $2,120,000. First Citizens Bank & Trust Co. increased its holdings in shares of Prologis by 1,451.2% in the first quarter. First Citizens Bank & Trust Co. now owns 31,180 shares of the real estate investment trust’s stock valued at $3,486,000 after purchasing an additional 29,170 shares during the period. Truist Financial Corp increased its holdings in shares of Prologis by 9.3% in the first quarter. Truist Financial Corp now owns 297,270 shares of the real estate investment trust’s stock valued at $33,232,000 after purchasing an additional 25,229 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Prologis by 2.2% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 297,426 shares of the real estate investment trust’s stock worth $33,249,000 after purchasing an additional 6,350 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the company’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 sale, the chief accounting officer directly owned 414 shares of the company’s stock, valued at $46,090.62. This 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 the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of the stock in a transaction on 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 owned 9,829 shares in the company, valued at $1,091,019. The trade was a 9.23% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.

David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

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.