180 Wealth Advisors LLC Grows Stock Position in Prologis, Inc. $PLD

180 Wealth Advisors LLC lifted its stake in Prologis, Inc. (NYSE:PLD) by 3.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,413 shares of the real estate investment trust’s stock after buying an additional 813 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Prologis were worth $2,566,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. increased its holdings in shares of Prologis by 0.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock valued at $1,438,000 after purchasing an additional 93 shares in the last quarter. Michael S. Ryan Inc. increased its position in shares of Prologis by 2.9% in the second quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust’s stock valued at $348,000 after buying an additional 94 shares in the last quarter. LaSalle St. Investment Advisors LLC raised its stake in shares of Prologis by 3.7% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 96 shares during the period. Van Hulzen Asset Management LLC grew its stake in Prologis by 5.6% in the 1st quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 96 shares during the period. Finally, Sandler Capital Management increased its holdings in Prologis by 5.3% in the 1st quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust’s stock worth $224,000 after acquiring an additional 100 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Cristina Gabriela Bita sold 1,000 shares of the company’s stock in a transaction 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 transaction, the director owned 9,829 shares of the company’s stock, valued at $1,091,019. This represents a 9.23% decrease in their position. The sale 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 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. This represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock worth $2,952,095 over the last quarter. 0.57% of the stock is currently owned by insiders.

Prologis Price Performance

PLD stock opened at $125.93 on Friday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $127.50. The firm has a market capitalization of $116.95 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 3.19 and a beta of 1.28. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.20 and a quick ratio of 0.65. The business has a 50 day simple moving average of $114.80 and a 200-day simple moving average of $108.74.

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 last year, the company earned $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Equities research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s payout ratio is presently 117.78%.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research reports. UBS Group set a $137.00 target price on shares of Prologis and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Prologis in a report on Wednesday, October 8th. Evercore ISI boosted their price objective on Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a research note on Thursday, October 16th. Citigroup decreased their target price on Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Finally, Scotiabank set a $114.00 price target on Prologis and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and a consensus target price of $124.44.

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.