Prologis, Inc. $PLD Shares Acquired by Woodward Diversified Capital LLC

Woodward Diversified Capital LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 83.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,164 shares of the real estate investment trust’s stock after acquiring an additional 2,348 shares during the quarter. Woodward Diversified Capital LLC’s holdings in Prologis were worth $543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Activest Wealth Management boosted its stake in shares of Prologis by 637.1% in the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 223 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Prologis in the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of Prologis during the 1st quarter worth $34,000. Saudi Central Bank acquired a new position in shares of Prologis during the 1st quarter worth $41,000. Finally, Olde Wealth Management LLC acquired a new position in shares of Prologis during the 1st quarter worth $43,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the firm’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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of the firm’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 owned 9,829 shares in the company, valued at $1,091,019. This trade represents a 9.23% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

Prologis Price Performance

PLD stock opened at $116.47 on Thursday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $127.65. 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 stock’s 50 day moving average price is $110.77 and its 200 day moving average price is $107.58. The firm has a market cap of $108.11 billion, a P/E ratio of 31.56, a PEG ratio of 2.89 and a beta of 1.28.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the business earned $1.34 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, sell-side analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PLD. Citigroup lowered their price target on shares of 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 price objective on shares of Prologis and gave the stock an “outperform” rating in a report on Tuesday, August 19th. 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. Wall Street Zen lowered Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. Finally, Barclays decreased their target price on Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research report on Monday, September 15th. Two equities 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $122.58.

Prologis 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.