Coordinated Financial Services Inc. CO Buys New Position in Prologis, Inc. $PLD

Key Points

• Coordinated Financial Services Inc. acquired 3,789 shares of Prologis, Inc., valued at approximately $424,000, during the first quarter of the year.
• Analysts have mixed ratings on Prologis, with UBS raising its price target from $106.00 to $120.00 and a consensus rating of "Moderate Buy" with an average price target of $121.83.
• Prologis recently announced a quarterly dividend of $1.01 per share, with a dividend yield of 3.6%, although its payout ratio is currently high at 109.49%.

Coordinated Financial Services Inc. CO acquired a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,789 shares of the real estate investment trust's stock, valued at approximately $424,000.

Several other large investors have also recently modified their holdings of PLD. Nuveen LLC bought a new position in shares of Prologis during the 1st quarter valued at approximately $1,456,768,000. Valeo Financial Advisors LLC increased its position in shares of Prologis by 282.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust's stock valued at $433,229,000 after purchasing an additional 2,862,183 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Prologis by 83.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,779,830 shares of the real estate investment trust's stock worth $399,528,000 after purchasing an additional 1,723,129 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Prologis during the fourth quarter valued at approximately $163,970,000. Finally, SG Americas Securities LLC grew its stake in shares of Prologis by 5,678.8% during the first quarter. SG Americas Securities LLC now owns 1,436,773 shares of the real estate investment trust's stock valued at $160,617,000 after buying an additional 1,411,910 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 1,000 shares of the 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 sale, the director directly owned 9,829 shares of the company's stock, valued at approximately $1,091,019. This represents a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the firm's 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 completion of the sale, the chief accounting officer owned 414 shares in the company, 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. Corporate insiders own 0.57% of the company's stock.

Prologis Stock Down 0.9%

NYSE:PLD traded down $0.95 during mid-day trading on Wednesday, reaching $111.02. The company's stock had a trading volume of 3,040,703 shares, compared to its average volume of 4,378,753. 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 1 year low of $85.35 and a 1 year high of $132.39. The stock has a fifty day moving average of $108.83 and a 200-day moving average of $108.11. The firm has a market capitalization of $103.05 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 2.85 and a beta of 1.26.

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

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Prologis's dividend payout ratio (DPR) is presently 109.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PLD shares. Citigroup decreased their price target on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. UBS Group increased their target price on Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Mizuho set a $118.00 price target on shares of Prologis and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Scotiabank set a $114.00 price target on shares of Prologis and gave the stock a "sector perform" rating in a research note on Wednesday, August 27th. Finally, Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $121.83.

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.