PharVision Advisers LLC Invests $305,000 in Prologis, Inc. $PLD

Key Points

• PharVision Advisers LLC acquired a new position in Prologis, Inc., purchasing 2,728 shares valued at approximately $305,000 in the first quarter.
• Prologis reported a quarterly earnings of $1.46 per share, exceeding analysts' expectations, and indicated revenue growth of 8.8% year-over-year.
• The company declared a quarterly dividend of $1.01 per share, corresponding to an annualized yield of 3.6%, with the ex-dividend date set for September 16th.

PharVision Advisers LLC purchased a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,728 shares of the real estate investment trust's stock, valued at approximately $305,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. REAP Financial Group LLC grew its stake in Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 84 shares in the last quarter. LaSalle St. Investment Advisors LLC grew its stake in Prologis by 3.7% in the first quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust's stock valued at $300,000 after purchasing an additional 96 shares in the last quarter. Van Hulzen Asset Management LLC grew its stake in Prologis by 5.6% in the first quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust's stock valued at $201,000 after purchasing an additional 96 shares in the last quarter. Focus Financial Network Inc. grew its stake in Prologis by 5.2% in the first quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust's stock valued at $234,000 after purchasing an additional 104 shares in the last quarter. Finally, Exencial Wealth Advisors LLC grew its stake in Prologis by 5.1% in the first quarter. Exencial Wealth Advisors LLC now owns 2,210 shares of the real estate investment trust's stock valued at $247,000 after purchasing an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

Shares of NYSE PLD traded down $0.95 during trading hours on Wednesday, hitting $111.02. 3,040,691 shares of the company's stock were exchanged, compared to its average volume of 4,378,753. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $103.05 billion, a price-to-earnings ratio of 30.09, a PEG ratio of 2.85 and a beta of 1.26. The company's 50-day moving average price is $108.83 and its 200-day moving average price is $108.11.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.05. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The business's quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, sell-side analysts expect 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 will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $4.04 annualized dividend and a yield of 3.6%. Prologis's dividend payout ratio is 109.49%.

Analyst Ratings Changes

A number of research analysts have commented on PLD shares. UBS Group boosted their target price on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company set a $137.00 target price on Prologis and gave the company an "overweight" rating in a research note on Sunday, July 13th. Mizuho set a $118.00 price target on Prologis and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Scotiabank set a $114.00 price target on Prologis and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $121.83.

Insider Activity at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 1,000 shares of the company's stock in a transaction that occurred 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 transaction, the director owned 9,829 shares of the company's stock, valued at $1,091,019. This represents a 9.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total value of $2,783,250.00. Following the completion of the transaction, the chief accounting officer directly owned 414 shares of the company's stock, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company's stock.

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.