Cwm LLC Purchases 2,876 Shares of Prologis, Inc. $PLD

Key Points

• Cwm LLC increased its stake in Prologis, Inc. by 10.4%, now owning a total of 30,472 shares worth approximately $3.2 million.
• Prologis received several positive updates from analysts, with UBS raising its price target from $106 to $120 and Bank of America boosting it from $118 to $130, indicating strong buy interest.
• The company recently announced a quarterly dividend of $1.01 per share, representing an annualized yield of 3.3%, while its payout ratio stands at 109.49%.

Cwm LLC boosted its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 10.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,472 shares of the real estate investment trust's stock after purchasing an additional 2,876 shares during the period. Cwm LLC's holdings in Prologis were worth $3,203,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Michael S. Ryan Inc. grew its position in Prologis by 2.9% in the 2nd quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust's stock worth $348,000 after purchasing an additional 94 shares during the period. LaSalle St. Investment Advisors LLC grew its position in Prologis by 3.7% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust's stock worth $300,000 after purchasing an additional 96 shares during the period. Van Hulzen Asset Management LLC grew its position in Prologis by 5.6% in the 1st quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust's stock worth $201,000 after purchasing an additional 96 shares during the period. Sandler Capital Management grew its position in Prologis by 5.3% in the 1st quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 100 shares during the period. Finally, Sunflower Bank N.A. grew its position in Prologis by 3.9% in the 2nd quarter. Sunflower Bank N.A. now owns 2,697 shares of the real estate investment trust's stock worth $284,000 after purchasing an additional 100 shares during the period. Institutional investors own 93.50% of the company's stock.

Analysts Set New Price Targets

PLD has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Prologis in a research report on Wednesday, October 8th. UBS Group boosted their price objective on shares of Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Bank of America raised shares of Prologis from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $118.00 to $130.00 in a research report on Tuesday, September 16th. Scotiabank set a $114.00 price objective on shares of Prologis and gave the company a "sector perform" rating in a research report on Wednesday, August 27th. Finally, Barclays cut their price objective on shares of Prologis from $119.00 to $118.00 and set an "overweight" rating for the company in a research report on Monday, September 15th. Two research 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. Based on data from MarketBeat.com, Prologis currently has an average rating of "Moderate Buy" and an average target price of $122.74.

Insiders Place Their Bets

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the business's stock in a transaction 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 sale, the chief accounting officer owned 414 shares in the company, valued at $46,090.62. The trade was a 98.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total transaction of $111,000.00. Following the completion of the sale, the director owned 9,829 shares in the company, 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. In the last 90 days, insiders have sold 26,500 shares of company stock worth $2,952,095. 0.57% of the stock is owned by corporate insiders.

Prologis Stock Up 2.6%

PLD opened at $124.27 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.20. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $125.04. The firm's fifty day moving average is $113.12 and its 200 day moving average is $108.06. The stock has a market cap of $115.40 billion, a price-to-earnings ratio of 36.23, a price-to-earnings-growth ratio of 3.05 and a beta of 1.28.

Prologis (NYSE:PLD - Get Free Report) last released its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.05. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The company had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the previous year, the company earned $1.43 EPS. Prologis's revenue for the quarter was up 8.6% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, sell-side analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a dividend of $1.01 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.3%. Prologis's payout ratio is 109.49%.

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.

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