New Hampshire Trust Has $516,000 Stake in Prologis, Inc. $PLD

New Hampshire Trust increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 12.6% during the second quarter, HoldingsChannel reports. The fund owned 4,906 shares of the real estate investment trust’s stock after buying an additional 550 shares during the period. New Hampshire Trust’s holdings in Prologis were worth $516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. increased its stake in Prologis by 11.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 39,635 shares of the real estate investment trust’s stock valued at $4,166,000 after buying an additional 4,103 shares during the last quarter. Prudent Man Advisors LLC grew its position in shares of Prologis by 9.3% in the 2nd quarter. Prudent Man Advisors LLC now owns 22,116 shares of the real estate investment trust’s stock valued at $2,325,000 after acquiring an additional 1,891 shares during the period. Whipplewood Advisors LLC grew its stake in Prologis by 266.1% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,241 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 902 shares during the last quarter. Graybill Wealth Management LTD. grew its stake in Prologis by 1.0% in the 2nd quarter. Graybill Wealth Management LTD. now owns 34,803 shares of the real estate investment trust’s stock valued at $3,658,000 after buying an additional 342 shares during the last quarter. Finally, Brian Low Financial Group LLC acquired a new position in Prologis in the 2nd quarter valued at about $793,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Cristina Gabriela Bita sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total transaction of $111,000.00. Following the transaction, the director directly owned 9,829 shares in the company, valued at approximately $1,091,019. The trade was a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the transaction, the chief accounting officer owned 414 shares in the company, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,500 shares of company stock worth $2,952,095 in the last quarter. Company insiders own 0.57% of the company’s stock.

Prologis Price Performance

Shares of NYSE PLD opened at $126.60 on Friday. The firm’s 50-day moving average price is $115.20 and its 200-day moving average price is $109.13. 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 $117.57 billion, a P/E ratio of 36.91, a P/E/G ratio of 3.20 and a beta of 1.28. 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 announced its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share for the quarter, beating 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. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $1.01 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.2%. Prologis’s dividend payout ratio is currently 117.78%.

Analyst Ratings Changes

PLD has been the topic of a number of research reports. Evercore ISI upped their price target on shares of Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a research note on Thursday, October 16th. Truist Financial reiterated a “buy” rating and issued a $131.00 price target (up previously from $120.00) on shares of Prologis in a research note on Monday, October 20th. BMO Capital Markets upgraded shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price target on the stock in a research note on Monday, October 20th. Barclays decreased their price target on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research note on Monday, September 15th. Finally, UBS Group set a $137.00 price target on shares of Prologis and gave the company a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $124.44.

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.