Prologis, Inc. $PLD Shares Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC lifted its position in Prologis, Inc. (NYSE:PLD) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,370 shares of the real estate investment trust’s stock after purchasing an additional 146 shares during the quarter. Parcion Private Wealth LLC’s holdings in Prologis were worth $249,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PLD. Activest Wealth Management lifted its position in Prologis by 637.1% during the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 223 shares during the period. Pandora Wealth Inc. acquired a new stake in Prologis during the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. acquired a new stake in Prologis during the 1st quarter worth approximately $34,000. Saudi Central Bank acquired a new stake in Prologis during the 1st quarter worth approximately $41,000. Finally, Olde Wealth Management LLC acquired a new stake in Prologis during the 1st quarter worth approximately $43,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 1,000 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 9.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the firm’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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock valued at $2,952,095 over the last ninety days. 0.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PLD has been the subject of a number of recent research reports. Evercore ISI increased their price objective on Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a research report on Thursday, October 16th. Barclays decreased their price objective on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research report on Monday, September 15th. UBS Group set a $137.00 price objective on Prologis and gave the stock a “buy” rating in a research report on Tuesday. Citigroup decreased their price objective on Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Finally, Mizuho set a $118.00 price objective on Prologis and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.44.

Prologis Stock Performance

Shares of PLD stock opened at $125.91 on Thursday. The company has a market cap of $116.93 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 3.20 and a beta of 1.28. The stock has a 50 day simple moving average of $114.40 and a 200-day simple moving average of $108.52. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $127.50. The company has a current ratio of 0.20, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62.

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

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is presently 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.