PDS Planning Inc Has $698,000 Stock Holdings in Prologis, Inc. $PLD

PDS Planning Inc raised its stake in Prologis, Inc. (NYSE:PLD) by 26.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 6,639 shares of the real estate investment trust’s stock after buying an additional 1,388 shares during the quarter. PDS Planning Inc’s holdings in Prologis were worth $698,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alley Investment Management Company LLC raised its holdings in Prologis by 102.8% in the 1st quarter. Alley Investment Management Company LLC now owns 108,335 shares of the real estate investment trust’s stock valued at $12,111,000 after acquiring an additional 54,914 shares in the last quarter. Jump Financial LLC acquired a new position in Prologis in the 1st quarter valued at $2,120,000. Truist Financial Corp raised its holdings in Prologis by 9.3% in the 1st quarter. Truist Financial Corp now owns 297,270 shares of the real estate investment trust’s stock valued at $33,232,000 after acquiring an additional 25,229 shares in the last quarter. Ally Financial Inc. raised its holdings in Prologis by 16.7% in the 1st quarter. Ally Financial Inc. now owns 28,000 shares of the real estate investment trust’s stock valued at $3,130,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Prologis by 2.2% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 297,426 shares of the real estate investment trust’s stock valued at $33,249,000 after acquiring an additional 6,350 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 500 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $115.69, for a total value of $57,845.00. Following the sale, the director owned 9,329 shares in the company, valued at approximately $1,079,272.01. The trade was a 5.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total value of $2,783,250.00. Following the completion of the sale, the chief accounting officer owned 414 shares in the company, valued at $46,090.62. This trade represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock worth $2,952,095 in the last quarter. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PLD. Citigroup decreased their price target on Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. UBS Group lifted their price target on Prologis from $106.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Evercore ISI lifted their price target on Prologis from $111.00 to $113.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Prologis in a research note on Wednesday. Finally, Scotiabank set a $114.00 price objective on Prologis and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Two equities 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 company’s stock. Based on data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average target price of $122.58.

Prologis Trading Down 2.8%

Shares of PLD stock opened at $111.29 on Friday. The firm has a market capitalization of $103.35 billion, a P/E ratio of 30.16, a P/E/G ratio of 2.81 and a beta of 1.28. Prologis, Inc. has a twelve month low of $85.35 and a twelve month 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 stock’s fifty day simple moving average is $111.79 and its 200 day simple moving average is $107.76.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates 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%.Prologis’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, sell-side analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 16th. Prologis’s payout ratio is 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.