Prologis, Inc. $PLD Shares Sold by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors LLC reduced its stake in Prologis, Inc. by 19.6%, selling 90,675 shares and bringing its total holdings to 371,062 shares worth approximately $41.5 million.
• Analysts have issued mixed ratings for Prologis, with changes including a downgrade to "sell" from Wall Street Zen and target price adjustments from Royal Bank of Canada and Barclays.
• Prologis reported a quarterly EPS of $1.46, exceeding estimates, with a net margin of 40.29% and year-over-year revenue growth of 8.8%.

Ceredex Value Advisors LLC lowered its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 19.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 371,062 shares of the real estate investment trust's stock after selling 90,675 shares during the quarter. Ceredex Value Advisors LLC's holdings in Prologis were worth $41,481,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. REAP Financial Group LLC grew its stake in Prologis by 40.0% in the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 84 shares during the period. Pandora Wealth Inc. purchased a new position in Prologis in the 1st quarter valued at $34,000. GKV Capital Management Co. Inc. purchased a new position in Prologis in the 1st quarter valued at $34,000. Olde Wealth Management LLC purchased a new position in Prologis in the 1st quarter valued at $43,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Prologis by 63.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Performance

Shares of PLD stock traded up $1.29 during trading hours on Friday, hitting $113.93. The stock had a trading volume of 2,827,596 shares, compared to its average volume of 4,429,394. The firm has a market capitalization of $105.76 billion, a PE ratio of 30.88, a PEG ratio of 2.83 and a beta of 1.21. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.57. The stock's 50 day moving average is $107.75 and its 200 day moving average is $108.66. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping 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 firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the company earned $1.34 earnings per share. The company'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, research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.5%. Prologis's payout ratio is 109.49%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Citigroup decreased their price objective on Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Truist Financial reduced their price target on Prologis from $123.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Robert W. Baird reduced their price target on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Finally, Wells Fargo & Company set a $137.00 price objective on shares of Prologis and gave the company an "overweight" rating in a report on Sunday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $121.83.

Insider Transactions at Prologis

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the business'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 sale, the chief accounting officer directly owned 414 shares in the company, valued at approximately $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.