TD Waterhouse Canada Inc. Purchases 1,193 Shares of Prologis, Inc. $PLD

TD Waterhouse Canada Inc. boosted its position in Prologis, Inc. (NYSE:PLD) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,724 shares of the real estate investment trust’s stock after buying an additional 1,193 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Prologis were worth $7,860,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of PLD. Stratos Wealth Partners LTD. lifted its position in shares of Prologis by 0.7% in the second quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after purchasing an additional 93 shares in the last quarter. Michael S. Ryan Inc. lifted its position in Prologis by 2.9% during the 2nd quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust’s stock worth $348,000 after buying an additional 94 shares in the last quarter. LaSalle St. Investment Advisors LLC lifted its position in 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 in the last quarter. Van Hulzen Asset Management LLC boosted its stake in shares of Prologis by 5.6% during the 1st 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. Finally, Palogic Value Management L.P. grew its holdings in shares of Prologis by 4.7% in the 2nd quarter. Palogic Value Management L.P. now owns 2,130 shares of the real estate investment trust’s stock valued at $224,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Shares of NYSE PLD opened at $122.46 on Thursday. The business has a fifty day moving average price of $119.81 and a two-hundred day moving average price of $112.18. The stock has a market capitalization of $113.75 billion, a PE ratio of 35.70, a P/E/G ratio of 3.13 and a beta of 1.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.65. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $127.50.

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

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given 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 3.3%. Prologis’s dividend payout ratio (DPR) is currently 117.78%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Industrial Alliance Securities set a $119.00 target price on Prologis in a report on Monday, October 20th. Mizuho set a $118.00 price target on shares of Prologis and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Citigroup cut their price objective on shares of 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 boosted their price objective on Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a report on Thursday, October 16th. Finally, Barclays lowered their target price on Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research note on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.39.

Insider Buying and Selling

In other news, CAO Lori A. Palazzolo sold 25,000 shares of Prologis 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 in the company, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of the business’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 directly owned 9,829 shares of the company’s stock, valued at $1,091,019. This trade represents a 9.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 27,000 shares of company stock worth $3,013,665 over the last three months. 0.57% of the stock is currently owned by insiders.

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.