3,701 Shares in Prologis, Inc. $PLD Acquired by Coordinated Financial Services Inc.

Key Points

• Coordinated Financial Services Inc. acquired 3,701 shares of Prologis, Inc. valued at approximately $389,000, indicating continued investment interest in the real estate sector.
• Analysts have mixed ratings on Prologis, with consensus marked as a "Moderate Buy" and a price target of $122.58, reflecting differing outlooks on the company's performance.
• Prologis announced a $1.01 quarterly dividend with a yield of 3.5%, highlighting its commitment to return value to shareholders despite a high payout ratio.

Coordinated Financial Services Inc. purchased a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,701 shares of the real estate investment trust's stock, valued at approximately $389,000.

A number of other large investors have also added to or reduced their stakes in PLD. Activest Wealth Management grew its position in Prologis by 637.1% during the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust's stock worth $29,000 after buying an additional 223 shares in the last quarter. Pandora Wealth Inc. acquired a new stake in Prologis during the first quarter worth approximately $34,000. GKV Capital Management Co. Inc. acquired a new stake in Prologis during the first quarter worth approximately $34,000. Saudi Central Bank acquired a new stake in Prologis during the first quarter worth approximately $41,000. Finally, Olde Wealth Management LLC acquired a new stake in Prologis during the first quarter worth approximately $43,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PLD shares. Wall Street Zen downgraded Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Evercore ISI raised their target price on Prologis from $111.00 to $113.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Wells Fargo & Company set a $137.00 target price on Prologis and gave the company an "overweight" rating in a report on Sunday, July 13th. Bank of America raised Prologis from a "neutral" rating to a "buy" rating and raised their target price for the company from $118.00 to $130.00 in a report on Tuesday, September 16th. Finally, Barclays reduced their target price on Prologis from $119.00 to $118.00 and set an "overweight" rating on the stock in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Prologis currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.58.

Prologis Trading Down 1.4%

NYSE PLD opened at $114.40 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $127.65. The company has a market cap of $106.24 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 2.93 and a beta of 1.28. The business's fifty day moving average is $111.66 and its 200 day moving average is $107.77.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $1.34 EPS. Prologis's revenue for the quarter was up 8.8% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. Prologis's dividend payout ratio (DPR) is 109.49%.

Insider Buying and Selling at Prologis

In related news, Director Cristina Gabriela Bita sold 500 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $115.69, for a total transaction of $57,845.00. Following the completion of the transaction, the director directly owned 9,329 shares of the company's stock, valued at $1,079,272.01. This trade represents a 5.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the firm'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 transaction, the chief accounting officer directly owned 414 shares of the company's stock, valued at approximately $46,090.62. This represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,500 shares of company stock worth $2,952,095. 0.57% of the stock is currently owned by company insiders.

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.

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