Wealthcare Advisory Partners LLC Sells 217 Shares of Prologis, Inc. $PLD

Wealthcare Advisory Partners LLC decreased its stake in Prologis, Inc. (NYSE:PLD) by 7.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,890 shares of the real estate investment trust’s stock after selling 217 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Prologis were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Nuveen LLC purchased a new stake in Prologis during the 1st quarter valued at $1,456,768,000. Valeo Financial Advisors LLC increased its stake in 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 purchasing an additional 2,862,183 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 last quarter. Strs Ohio purchased a new position in shares of Prologis in the first quarter worth approximately $98,308,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Prologis by 0.7% in the first quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust’s stock worth $13,564,533,000 after buying an additional 869,310 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PLD. UBS Group lifted their price target on shares of Prologis from $106.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Prologis in a research note on Wednesday. Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Citigroup reduced their target price on shares of Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Finally, Barclays cut their price target 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. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $122.58.

Insider Activity

In other Prologis news, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total value of $111,000.00. Following the completion of the transaction, the director directly owned 9,829 shares of the company’s stock, valued at $1,091,019. The trade was a 9.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total value of $2,783,250.00. Following the transaction, the chief accounting officer directly owned 414 shares of the company’s stock, valued at approximately $46,090.62. This represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,500 shares of company stock valued at $2,952,095. 0.57% of the stock is currently owned by corporate insiders.

Prologis Stock Down 2.8%

NYSE PLD opened at $111.29 on Friday. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $127.65. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. The business’s fifty day simple moving average is $111.79 and its 200-day simple moving average is $107.78. The firm has a market cap of $103.35 billion, a PE ratio of 30.16, a P/E/G ratio of 2.89 and a beta of 1.28.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, topping the consensus estimate of $1.41 by $0.05. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, equities analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s payout ratio is currently 109.49%.

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.