Vise Technologies Inc. Invests $444,000 in Prologis, Inc. $PLD

Vise Technologies Inc. acquired a new position in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,219 shares of the real estate investment trust’s stock, valued at approximately $444,000.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP grew its stake in shares of Prologis by 61.7% during the 2nd quarter. Allworth Financial LP now owns 229,697 shares of the real estate investment trust’s stock worth $24,146,000 after acquiring an additional 87,606 shares in the last quarter. ProShare Advisors LLC increased its stake in Prologis by 7.6% in the 2nd quarter. ProShare Advisors LLC now owns 200,454 shares of the real estate investment trust’s stock valued at $21,072,000 after buying an additional 14,141 shares during the last quarter. Midwest Trust Co bought a new stake in Prologis during the 2nd quarter worth about $14,082,000. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Prologis by 12.3% in the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 6,677 shares of the real estate investment trust’s stock valued at $702,000 after acquiring an additional 733 shares in the last quarter. Finally, Rathbones Group PLC increased its position in shares of Prologis by 56.8% in the second quarter. Rathbones Group PLC now owns 6,446 shares of the real estate investment trust’s stock valued at $678,000 after acquiring an additional 2,334 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Citigroup reduced their price target on Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Evercore ISI increased their price objective on Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prologis in a research report on Thursday. Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Finally, BMO Capital Markets raised shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 target price on the stock in a report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.39.

Insider Activity at Prologis

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the business’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 completion of the sale, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. The trade was a 98.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Cristina Gabriela Bita sold 500 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $123.14, for a total value of $61,570.00. Following the completion of the transaction, the director directly owned 8,829 shares in the company, valued at approximately $1,087,203.06. This represents a 5.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 27,000 shares of company stock valued at $3,013,665. 0.57% of the stock is currently owned by insiders.

Prologis Price Performance

Shares of PLD opened at $122.71 on Friday. The company’s 50-day moving average is $119.14 and its 200-day moving average is $111.77. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.65. The firm has a market capitalization of $113.98 billion, a PE ratio of 35.78, a PEG ratio of 3.13 and a beta of 1.29. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $127.50.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. Prologis’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $1.01 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.3%. Prologis’s dividend payout ratio (DPR) is 117.78%.

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.