Insider Selling: Prologis (NYSE:PLD) Director Sells $111,000.00 in Stock

Prologis, Inc. (NYSE:PLD) Director Cristina Gabriela Bita sold 1,000 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total value of $111,000.00. Following the sale, the director directly owned 9,829 shares in the company, valued at $1,091,019. This trade represents a 9.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Prologis Trading Up 0.8%

Shares of PLD opened at $113.57 on Friday. The business’s 50-day moving average price is $108.56 and its 200 day moving average price is $108.23. The stock has a market capitalization of $105.42 billion, a P/E ratio of 30.78, a P/E/G ratio of 2.85 and a beta of 1.26. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57. 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 (NYSE:PLD) last posted its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 40.29% and a return on equity of 5.96%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Analysts expect 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 will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Prologis’s payout ratio is 109.49%.

Analyst Upgrades and Downgrades

PLD has been the subject of several recent analyst reports. Scotiabank set a $114.00 target price on Prologis and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Wall Street Zen downgraded Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. Citigroup lowered their target price on Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Mizuho set a $118.00 target price on Prologis and gave the company an “outperform” rating in a report on Tuesday, August 19th. Finally, Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the stock an “overweight” rating in a research report on Sunday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $121.83.

Institutional Investors Weigh In On Prologis

Several institutional investors have recently made changes to their positions in the company. Activest Wealth Management raised its position in Prologis by 637.1% during 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. REAP Financial Group LLC grew its position in Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 84 shares in the last quarter. Pandora Wealth Inc. acquired a new position in shares of Prologis during the 1st quarter worth $34,000. GKV Capital Management Co. Inc. bought a new position in shares of Prologis during the 1st quarter valued at $34,000. Finally, Saudi Central Bank acquired a new stake in shares of Prologis in the 1st quarter valued at $41,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

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.