Dynamic Technology Lab Private Ltd Buys Shares of 5,700 Prologis, Inc. $PLD

Key Points

• Dynamic Technology Lab Private Ltd has made a new investment of approximately $637,000 in Prologis, Inc. by purchasing 5,700 shares.
• Prologis has declared a quarterly dividend of $1.01 per share, with an annualized yield of 3.6%.
• Analysts have set a consensus price target for Prologis at $121.83, with various ratings ranging from "Strong Buy" to "Sell".

Dynamic Technology Lab Private Ltd bought a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 5,700 shares of the real estate investment trust's stock, valued at approximately $637,000.

Several other large investors have also recently bought and sold shares of PLD. Brighton Jones LLC raised its stake in Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock valued at $1,847,000 after purchasing an additional 15,078 shares during the last quarter. Focus Partners Wealth increased its holdings in Prologis by 23.6% in the 4th quarter. Focus Partners Wealth now owns 92,045 shares of the real estate investment trust's stock valued at $9,807,000 after buying an additional 17,576 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Prologis by 4.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,799 shares of the real estate investment trust's stock valued at $13,931,000 after buying an additional 5,276 shares during the period. OMERS ADMINISTRATION Corp increased its holdings in Prologis by 0.6% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 1,133,556 shares of the real estate investment trust's stock valued at $119,817,000 after buying an additional 6,556 shares during the period. Finally, NorthRock Partners LLC increased its holdings in Prologis by 56.3% in the 4th quarter. NorthRock Partners LLC now owns 6,929 shares of the real estate investment trust's stock valued at $732,000 after buying an additional 2,497 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of PLD traded up $0.66 during trading hours on Friday, hitting $115.48. The stock had a trading volume of 3,547,364 shares, compared to its average volume of 3,077,774. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.39. The company's fifty day moving average is $109.18 and its two-hundred day moving average is $108.05. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $107.20 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 2.88 and a beta of 1.26.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.05. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The company's revenue was up 8.8% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

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

Insider Transactions at Prologis

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 sale, the director owned 9,829 shares of the company's stock, valued at $1,091,019. This represents a 9.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the sale, the chief accounting officer directly owned 414 shares in the company, valued at approximately $46,090.62. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the company an "overweight" rating in a report on Sunday, July 13th. UBS Group upped their target price on shares of Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Mizuho set a $118.00 target price on shares of Prologis and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Finally, Scotiabank set a $114.00 target price on shares of Prologis and gave the stock a "sector perform" rating in a report on Wednesday, August 27th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.