Impact Capital Partners LLC Buys 207 Shares of Prologis, Inc. $PLD

Impact Capital Partners LLC lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,446 shares of the real estate investment trust’s stock after acquiring an additional 207 shares during the quarter. Impact Capital Partners LLC’s holdings in Prologis were worth $1,519,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PLD. Nuveen LLC bought a new position in shares of Prologis during the 1st quarter valued at approximately $1,456,768,000. Valeo Financial Advisors LLC grew its stake in shares of Prologis by 282.5% during 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 acquiring an additional 2,862,183 shares during the period. SG Americas Securities LLC grew its stake in shares of Prologis by 5,678.8% during the 1st quarter. SG Americas Securities LLC now owns 1,436,773 shares of the real estate investment trust’s stock valued at $160,617,000 after acquiring an additional 1,411,910 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Prologis by 13.0% during 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 acquiring an additional 1,146,454 shares during the period. Finally, Strs Ohio bought a new position in shares of Prologis during the 1st quarter valued at approximately $98,308,000. 93.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of the stock in a transaction 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 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

PLD has been the subject of a number of recent research reports. Evercore ISI boosted their price objective on Prologis from $111.00 to $113.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Wells Fargo & Company set a $137.00 price target on Prologis and gave the stock an “overweight” rating in a research note on Sunday, July 13th. Mizuho set a $118.00 price target on Prologis and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. UBS Group upped their price target on Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Finally, Bank of America upgraded Prologis from a “neutral” rating to a “buy” rating and upped their price target for the stock from $118.00 to $130.00 in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.58.

Prologis Stock Up 0.2%

NYSE PLD opened at $114.50 on Wednesday. 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 $106.29 billion, a P/E ratio of 31.03, a P/E/G ratio of 2.89 and a beta of 1.26. Prologis, Inc. has a one year low of $85.35 and a one year high of $127.65. The stock has a 50 day moving average price of $110.64 and a 200-day moving average price of $107.52.

Prologis (NYSE:PLD) last posted its earnings results 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 firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, equities analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Tuesday, September 16th. Prologis’s dividend payout ratio is currently 109.49%.

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.