Schnieders Capital Management LLC Grows Holdings in Prologis, Inc. $PLD

Schnieders Capital Management LLC raised its position in Prologis, Inc. (NYSE:PLD) by 45.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,728 shares of the real estate investment trust’s stock after buying an additional 3,350 shares during the period. Schnieders Capital Management LLC’s holdings in Prologis were worth $1,128,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after acquiring an additional 15,078 shares in the last quarter. GAMMA Investing LLC increased its holdings in Prologis by 19.6% during the 1st quarter. GAMMA Investing LLC now owns 11,926 shares of the real estate investment trust’s stock worth $1,333,000 after purchasing an additional 1,956 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Prologis by 9.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 55,605 shares of the real estate investment trust’s stock valued at $6,216,000 after purchasing an additional 4,851 shares in the last quarter. Jamison Private Wealth Management Inc. raised its position in shares of Prologis by 17.9% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 2,954 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 448 shares in the last quarter. Finally, Cullinan Associates Inc. boosted its stake in shares of Prologis by 2.1% during the 1st quarter. Cullinan Associates Inc. now owns 33,202 shares of the real estate investment trust’s stock valued at $3,712,000 after buying an additional 697 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research analyst reports. Bank of America upgraded shares of Prologis from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $118.00 to $130.00 in a research note on Tuesday, September 16th. Mizuho set a $118.00 target price on shares of Prologis and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Scotiabank set a $114.00 target price on shares of Prologis and gave the company a “sector perform” rating in a research note on Wednesday, August 27th. Evercore ISI lifted their price target on Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a research note on Thursday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Prologis in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $122.74.

Insider Activity at Prologis

In related news, 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 transaction, the director owned 9,329 shares in the company, valued at $1,079,272.01. The trade was a 5.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the company’s stock in a transaction on 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 owned 414 shares of the company’s stock, valued at approximately $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. In the last three months, insiders sold 26,500 shares of company stock worth $2,952,095. Company insiders own 0.57% of the company’s stock.

Prologis Trading Up 2.6%

Prologis stock opened at $124.27 on Monday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $125.04. The firm’s 50-day moving average is $113.12 and its 200-day moving average is $108.07. 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 company has a market cap of $115.40 billion, a P/E ratio of 36.23, a PEG ratio of 3.13 and a beta of 1.28.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.05. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. Prologis’s quarterly revenue was up 8.6% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, equities analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.3%. Prologis’s dividend payout ratio (DPR) is 117.78%.

About Prologis

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.