Prologis, Inc. $PLD Stock Holdings Increased by PUREfi Wealth LLC

PUREfi Wealth LLC increased its holdings in Prologis, Inc. (NYSE:PLD) by 9.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,982 shares of the real estate investment trust’s stock after purchasing an additional 179 shares during the quarter. PUREfi Wealth LLC’s holdings in Prologis were worth $208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management raised its holdings in shares of Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 223 shares in the last quarter. Pandora Wealth Inc. bought a new stake in shares of Prologis in the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. bought a new stake in shares of Prologis in the 1st quarter worth approximately $34,000. Saudi Central Bank bought a new stake in shares of Prologis in the 1st quarter worth approximately $41,000. Finally, Olde Wealth Management LLC bought a new stake in shares of Prologis in the 1st quarter worth approximately $43,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Performance

Shares of PLD opened at $117.17 on Tuesday. The company’s 50 day moving average price is $111.23 and its 200 day moving average price is $107.62. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $127.65. The company has a market capitalization of $108.76 billion, a PE ratio of 31.75, a PEG ratio of 2.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65.

Prologis (NYSE:PLD) last announced 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. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The firm’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. Research analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.4%. Prologis’s payout ratio is presently 109.49%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PLD. Barclays dropped their target price on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a report on Monday, September 15th. Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Mizuho set a $118.00 price target on shares of Prologis and gave the company an “outperform” rating in a report on Tuesday, August 19th. Citigroup cut their price target on shares of Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Finally, Scotiabank set a $114.00 price target on shares of Prologis and gave the company a “sector perform” rating in a report on Wednesday, August 27th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average target price of $122.58.

Insider Buying and Selling

In related news, Director Cristina Gabriela Bita sold 1,000 shares of the business’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 transaction of $111,000.00. Following the transaction, the director directly owned 9,829 shares of the company’s stock, valued at approximately $1,091,019. The trade was a 9.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’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 transaction, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,500 shares of company stock worth $2,952,095 over the last ninety days. 0.57% of the stock is currently owned by insiders.

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.