Prologis, Inc. $PLD Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC raised its position in shares of Prologis, Inc. (NYSE:PLD) by 5.0% in the second quarter, HoldingsChannel reports. The firm owned 5,912 shares of the real estate investment trust’s stock after acquiring an additional 281 shares during the period. Avior Wealth Management LLC’s holdings in Prologis were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Prologis by 0.7% during 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 during the period. Nuveen LLC acquired a new stake in shares of Prologis in the 1st quarter worth approximately $1,456,768,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Prologis by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,495,932 shares of the real estate investment trust’s stock worth $1,173,340,000 after acquiring an additional 93,201 shares during the period. Price T Rowe Associates Inc. MD lifted its stake 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 worth $1,113,994,000 after acquiring an additional 1,146,454 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Prologis by 7.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,790,241 shares of the real estate investment trust’s stock worth $870,871,000 after acquiring an additional 507,367 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Down 0.1%

Shares of NYSE:PLD opened at $114.11 on Tuesday. 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 cap of $105.92 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 2.88 and a beta of 1.26. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $127.65. The firm has a 50 day simple moving average of $110.53 and a 200 day simple moving average of $107.47.

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

Prologis Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PLD. Citigroup reduced their price target on shares of Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the stock an “overweight” rating in a research note on Sunday, July 13th. Barclays reduced their price target on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research note on Monday, September 15th. Evercore ISI upped their price target on shares of Prologis from $111.00 to $113.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Finally, Mizuho set a $118.00 target price on shares of Prologis and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.58.

Insider Activity at Prologis

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

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.