BDF Gestion Trims Stock Holdings in Prologis, Inc. $PLD

Key Points

• BDF Gestion has reduced its stakes in Prologis, Inc. by 9.8%, holding worth $4.85 million after selling 5,024 shares.
• Analysts have a consensus rating of "Moderate Buy" for Prologis, with target prices ranging from $118.00 to $130.00.
• Prologis announced a quarterly dividend of $1.01, resulting in an annualized yield of 3.6%, despite a high dividend payout ratio of 109.49%.

BDF Gestion lessened its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 9.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,106 shares of the real estate investment trust's stock after selling 5,024 shares during the quarter. BDF Gestion's holdings in Prologis were worth $4,847,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. REAP Financial Group LLC raised its stake in Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 84 shares in the last quarter. Michael S. Ryan Inc. boosted its holdings in Prologis by 2.9% in 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 boosted its holdings 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 acquiring an additional 96 shares during the last quarter. Van Hulzen Asset Management LLC lifted 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 buying an additional 96 shares during the period. Finally, Sandler Capital Management lifted its stake in Prologis by 5.3% in the first quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust's stock valued at $224,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Up 0.0%

Shares of NYSE PLD traded up $0.03 during mid-day trading on Tuesday, hitting $113.96. 1,232,120 shares of the stock traded hands, compared to its average volume of 4,351,549. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $127.65. The company has a market cap of $105.78 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.87 and a beta of 1.26. The stock has a fifty day moving average price of $109.95 and a 200-day moving average price of $107.50.

Prologis (NYSE:PLD - Get Free Report) last released its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, topping the consensus estimate 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 return on equity of 5.96% and a net margin of 40.29%.The company's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 16th. Prologis's dividend payout ratio is 109.49%.

Analyst Ratings Changes

Several brokerages have issued reports on PLD. Wells Fargo & Company set a $137.00 price target on Prologis and gave the company an "overweight" rating in a research note on Sunday, July 13th. Scotiabank set a $114.00 target price on Prologis and gave the stock a "sector perform" rating in a report on Wednesday, August 27th. Wall Street Zen cut Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Citigroup cut their target price on Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, Barclays cut 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 analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Prologis presently has a consensus rating of "Moderate Buy" and an average target price of $122.58.

Insider Transactions at Prologis

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the company's stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of the company's stock in a transaction dated 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 sale, the director owned 9,829 shares of the company's stock, valued at approximately $1,091,019. The trade was a 9.23% 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.