Prologis, Inc. $PLD Shares Acquired by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC boosted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 490,681 shares of the real estate investment trust’s stock after purchasing an additional 3,838 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Prologis worth $51,580,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Easterly Investment Partners LLC raised its holdings in shares of Prologis by 123.3% during the second quarter. Easterly Investment Partners LLC now owns 156,558 shares of the real estate investment trust’s stock valued at $16,457,000 after acquiring an additional 86,454 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of Prologis by 0.7% during the second quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock valued at $1,438,000 after acquiring an additional 93 shares during the period. Master S Wealth Management Inc. raised its holdings in shares of Prologis by 51.9% during the second quarter. Master S Wealth Management Inc. now owns 6,682 shares of the real estate investment trust’s stock valued at $702,000 after acquiring an additional 2,284 shares during the period. Nordea Investment Management AB raised its holdings in shares of Prologis by 6.6% during the second quarter. Nordea Investment Management AB now owns 83,647 shares of the real estate investment trust’s stock valued at $8,731,000 after acquiring an additional 5,187 shares during the period. Finally, Turtle Creek Wealth Advisors LLC raised its holdings in shares of Prologis by 35.3% during the second quarter. Turtle Creek Wealth Advisors LLC now owns 28,806 shares of the real estate investment trust’s stock valued at $3,028,000 after acquiring an additional 7,510 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Up 2.6%

Prologis stock opened at $124.27 on Friday. The firm has a market cap of $115.40 billion, a PE ratio of 36.23, a P/E/G ratio of 3.05 and a beta of 1.28. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.20. The firm’s 50 day moving average price is $113.12 and its two-hundred day moving average price is $108.06. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $125.04.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, topping the consensus estimate of $1.44 by $0.05. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, research analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm 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 3.3%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s payout ratio is currently 109.49%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PLD shares. Weiss Ratings restated a “hold (c)” rating on shares of Prologis in a report on Wednesday, October 8th. Evercore ISI boosted their price target on shares of Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a report on Thursday. 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. Citigroup dropped their price objective 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. Finally, Wells Fargo & Company set a $137.00 price objective on shares of Prologis and gave the company an “overweight” rating in a research note on Sunday, July 13th. 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.74.

Insider Activity at Prologis

In other Prologis news, 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 value of $2,783,250.00. Following the completion of the sale, the chief accounting officer directly owned 414 shares of the company’s stock, valued at $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Cristina Gabriela Bita sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $115.69, for a total transaction of $57,845.00. Following the completion of the sale, the director directly owned 9,329 shares of the company’s stock, valued at $1,079,272.01. This represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock valued at $2,952,095 over the last three months. Insiders own 0.57% of the company’s stock.

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.