Prologis, Inc. $PLD Stock Holdings Raised by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC significantly increased its stake in Prologis, Inc. by 189.1%, now holding 20,429 shares valued at approximately $2.15 million.
• Wall Street analysts have mixed ratings for Prologis, with an average price target of $122.58, while various firms have adjusted their ratings and targets, reflecting some uncertainty in the company's future performance.
• Prologis announced a quarterly dividend of $1.01 per share, reflecting a dividend yield of 3.6%, despite a high payout ratio of 109.49%.

Exchange Traded Concepts LLC raised its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 189.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,429 shares of the real estate investment trust's stock after acquiring an additional 13,363 shares during the quarter. Exchange Traded Concepts LLC's holdings in Prologis were worth $2,147,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. REAP Financial Group LLC grew its position in Prologis by 40.0% during the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 84 shares during the last quarter. Michael S. Ryan Inc. boosted its stake in shares of Prologis by 2.9% in the second quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust's stock worth $348,000 after buying an additional 94 shares during the last quarter. LaSalle St. Investment Advisors LLC raised its position in Prologis by 3.7% during the first quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust's stock valued at $300,000 after acquiring an additional 96 shares in the last quarter. Van Hulzen Asset Management LLC boosted 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 in the last quarter. Finally, Sandler Capital Management lifted its stake in shares of Prologis by 5.3% in the 1st quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust's stock valued at $224,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

Prologis stock traded up $0.64 during midday trading on Monday, hitting $114.15. 2,798,672 shares of the company's stock were exchanged, compared to its average volume of 3,424,840. The firm's 50 day simple moving average is $109.85 and its 200 day simple moving average is $107.54. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $127.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $105.96 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.87 and a beta of 1.26.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, beating 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 in the prior year, the business earned $1.34 EPS. The firm's revenue was up 8.8% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Equities research analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 annualized dividend and a yield of 3.5%. Prologis's payout ratio is currently 109.49%.

Insiders Place Their Bets

In related news, Director Cristina Gabriela Bita sold 1,000 shares of the company's stock in a transaction on 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 transaction, the director directly owned 9,829 shares in the company, valued at approximately $1,091,019. This represents a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction, the chief accounting officer 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 disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Evercore ISI increased their target price on Prologis from $111.00 to $113.00 and gave the company an "in-line" rating in a research report on Monday, September 15th. Mizuho set a $118.00 price target on Prologis and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Scotiabank set a $114.00 price target on shares of Prologis and gave the stock a "sector perform" rating in a report on Wednesday, August 27th. UBS Group raised their price objective on shares of Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Citigroup lowered their target price on shares of Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Prologis has a consensus rating of "Moderate Buy" and an average target price of $122.58.

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.