Prologis, Inc. $PLD Shares Acquired by EP Wealth Advisors LLC

Key Points

• EP Wealth Advisors LLC significantly increased its stake in Prologis, Inc. by 107.3% during the first quarter, now holding shares valued at approximately $3.41 million.
• Several institutional investors have also boosted their holdings in Prologis, with the firm now seeing 93.50% of its stock owned by institutional investors and hedge funds.
• Analysts have set optimistic price targets for Prologis, with a consensus target price of $121.83 and a majority rating the stock as a "Buy" or "Outperform".

EP Wealth Advisors LLC increased its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 107.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,492 shares of the real estate investment trust's stock after acquiring an additional 15,782 shares during the period. EP Wealth Advisors LLC's holdings in Prologis were worth $3,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. REAP Financial Group LLC grew its holdings in Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 84 shares during the period. LaSalle St. Investment Advisors LLC boosted its stake in shares of 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 worth $300,000 after acquiring an additional 96 shares during the last quarter. Van Hulzen Asset Management LLC boosted its stake in shares of 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 worth $201,000 after acquiring an additional 96 shares during the last quarter. Focus Financial Network Inc. boosted its stake in shares of Prologis by 5.2% in the first quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust's stock worth $234,000 after acquiring an additional 104 shares during the last quarter. Finally, Exencial Wealth Advisors LLC lifted its position in Prologis by 5.1% during the first quarter. Exencial Wealth Advisors LLC now owns 2,210 shares of the real estate investment trust's stock worth $247,000 after buying an additional 107 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Down 0.8%

NYSE PLD traded down $0.87 during trading hours on Tuesday, hitting $112.70. 2,343,266 shares of the company were exchanged, compared to its average volume of 4,372,674. The company has a 50 day moving average of $108.73 and a two-hundred day moving average of $108.09. 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, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The firm has a market cap of $104.61 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 2.85 and a beta of 1.26.

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 company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the business earned $1.34 EPS. Prologis'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. Equities research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Prologis's dividend payout ratio is currently 109.49%.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of analyst reports. Mizuho set a $118.00 price objective on Prologis and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Wells Fargo & Company set a $137.00 price objective on Prologis and gave the stock an "overweight" rating in a research report on Sunday, July 13th. UBS Group lifted their price objective on Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Scotiabank set a $114.00 price objective on Prologis and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Finally, Citigroup reduced their price objective on Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Two equities 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.83.

Insider Activity

In related news, 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 directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lori A. Palazzolo sold 25,000 shares of the 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 sale, the chief accounting officer directly owned 414 shares of the company's stock, valued at $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company's stock.

About Prologis

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.