Stratos Wealth Partners LTD. Acquires 93 Shares of Prologis, Inc. $PLD

Stratos Wealth Partners LTD. grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 0.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 13,678 shares of the real estate investment trust’s stock after acquiring an additional 93 shares during the period. Stratos Wealth Partners LTD.’s holdings in Prologis were worth $1,438,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Michael S. Ryan Inc. raised its stake in shares of Prologis by 2.9% during 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 acquiring an additional 94 shares during the last quarter. LaSalle St. Investment Advisors LLC raised its stake in Prologis by 3.7% during the first 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 last quarter. Van Hulzen Asset Management LLC raised its stake in Prologis by 5.6% during the first quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 96 shares during the last quarter. Sandler Capital Management raised its stake in Prologis by 5.3% during the first quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 100 shares during the last quarter. Finally, Sunflower Bank N.A. raised its stake in Prologis by 3.9% during the second quarter. Sunflower Bank N.A. now owns 2,697 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 100 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Transactions at Prologis

In other news, Director Cristina Gabriela Bita sold 1,000 shares of Prologis 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 completion of the transaction, the director directly owned 9,829 shares in the company, valued at $1,091,019. This trade represents a 9.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction dated 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 transaction, the chief accounting officer owned 414 shares of the company’s stock, valued at $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 have sold 26,500 shares of company stock valued at $2,952,095 over the last quarter. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

PLD has been the subject of a number of analyst reports. Industrial Alliance Securities set a $119.00 target price on shares of Prologis in a research note on Monday. Wells Fargo & Company set a $137.00 target price on shares of Prologis and gave the stock an “overweight” rating in a research note on Sunday, July 13th. Mizuho set a $118.00 target price on shares of Prologis and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. UBS Group raised their price target on shares of Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, Truist Financial restated a “buy” rating and issued a $131.00 price target (up from $120.00) on shares of Prologis in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.50.

Prologis Stock Up 2.6%

Shares of NYSE PLD opened at $127.33 on Tuesday. The stock has a market capitalization of $118.24 billion, a P/E ratio of 37.12, a P/E/G ratio of 3.13 and a beta of 1.28. The company has a 50-day moving average price of $113.58 and a 200-day moving average price of $108.28. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $127.47. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.20 and a quick ratio of 0.65.

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

Prologis Announces Dividend

The firm 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. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is currently 117.78%.

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.