Czech National Bank Grows Position in Prologis, Inc. $PLD

Key Points

• The Czech National Bank increased its holdings in Prologis, Inc. by 6.6%, owning 226,818 shares worth approximately $23.8 million as of its latest SEC filing.
• Research firms have set varying target prices for Prologis, with estimates ranging from $113.00 to $137.00, indicating a general positive sentiment towards the stock.
• Prologis declared a quarterly dividend of $1.01 per share, with an annualized yield of 3.5%, set to be paid on September 30th.

Czech National Bank lifted its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 6.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 226,818 shares of the real estate investment trust's stock after purchasing an additional 14,029 shares during the quarter. Czech National Bank's holdings in Prologis were worth $23,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PLD. Nuveen LLC purchased a new position in shares of Prologis during the 1st quarter worth $1,456,768,000. Valeo Financial Advisors LLC lifted its stake in 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 worth $433,229,000 after acquiring an additional 2,862,183 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Prologis by 83.8% during the 4th 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 acquiring an additional 1,723,129 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Prologis during the 4th quarter worth about $163,970,000. Finally, SG Americas Securities LLC lifted its stake in Prologis by 5,678.8% during the 1st quarter. SG Americas Securities LLC now owns 1,436,773 shares of the real estate investment trust's stock worth $160,617,000 after acquiring an additional 1,411,910 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction that occurred 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 transaction, the director owned 9,829 shares of the company's stock, valued at $1,091,019. The trade was a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction that occurred 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 in the company, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PLD. Evercore ISI increased their target price on Prologis from $111.00 to $113.00 and gave the stock an "in-line" rating in a research note on Monday. Mizuho set a $118.00 target price on Prologis and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Wells Fargo & Company set a $137.00 target price on Prologis and gave the stock an "overweight" rating in a research note on Sunday, July 13th. Barclays decreased their target price on Prologis from $119.00 to $118.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $122.17.

Prologis Trading Down 1.0%

PLD opened at $114.24 on Tuesday. The firm has a market cap of $106.04 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 2.89 and a beta of 1.26. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $130.16. The business's 50 day moving average is $109.34 and its two-hundred day moving average is $107.78. 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 (NYSE:PLD - Get Free Report) last released its quarterly 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 company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The firm's revenue was up 8.8% compared to the same quarter last year. During the same quarter 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. On average, research analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

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

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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