Prologis, Inc. $PLD Shares Sold by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC lessened its holdings in Prologis, Inc. (NYSE:PLD) by 49.8% in the second quarter, HoldingsChannel.com reports. The firm owned 2,298 shares of the real estate investment trust’s stock after selling 2,281 shares during the period. Sustainable Insight Capital Management LLC’s holdings in Prologis were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of PLD. Brighton Jones LLC grew its stake in Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after buying an additional 15,078 shares during the last quarter. Brown Advisory Inc. increased its position in Prologis by 5.7% in the 1st quarter. Brown Advisory Inc. now owns 104,861 shares of the real estate investment trust’s stock valued at $11,722,000 after acquiring an additional 5,651 shares during the period. Greenleaf Trust raised its stake in Prologis by 9.1% during the 1st quarter. Greenleaf Trust now owns 21,161 shares of the real estate investment trust’s stock valued at $2,366,000 after acquiring an additional 1,762 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in Prologis by 63.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 152 shares during the period. Finally, Rehmann Capital Advisory Group grew its stake in shares of Prologis by 23.2% in the first quarter. Rehmann Capital Advisory Group now owns 2,551 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 480 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity at Prologis

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of the firm’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 completion of the sale, the director directly owned 9,829 shares of the company’s stock, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 27,000 shares of company stock worth $3,013,665. Corporate insiders own 0.57% of the company’s stock.

Prologis Stock Up 0.2%

Shares of Prologis stock opened at $124.09 on Friday. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $127.50. The firm has a market capitalization of $115.26 billion, a PE ratio of 36.18, a price-to-earnings-growth ratio of 3.13 and a beta of 1.29. The company has a quick ratio of 0.65, a current ratio of 0.64 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average is $117.71 and its 200-day moving average is $110.74.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.05. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The business’s revenue for the quarter 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 analysts anticipate that Prologis, Inc. will post 5.73 earnings per share 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. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.3%. Prologis’s dividend payout ratio (DPR) is currently 117.78%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group set a $137.00 price objective on shares of Prologis and gave the company a “buy” rating in a research note on Tuesday, October 21st. Scotiabank set a $114.00 price target on shares of Prologis and gave the stock a “sector perform” rating in a research note on Wednesday, August 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Prologis in a report on Wednesday, October 8th. Barclays lowered their price target on Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research report on Monday, September 15th. Finally, BMO Capital Markets raised Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 target price for the company in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.56.

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.