Family Wealth Partners LLC Makes New $255,000 Investment in Prologis, Inc. $PLD

Key Points

• Family Wealth Partners LLC invested approximately $255,000 in Prologis, Inc. by acquiring 2,426 shares during the 2nd quarter.
• Prologis reported $1.46 earnings per share (EPS) for the last quarter, surpassing estimates, with revenue of $2.03 billion.
• The firm announced a quarterly dividend of $1.01 per share, representing a yield of 3.5%, with a payout ratio of 109.49%.

Family Wealth Partners LLC purchased a new position in Prologis, Inc. (NYSE:PLD - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,426 shares of the real estate investment trust's stock, valued at approximately $255,000.

Other institutional investors also recently modified their holdings of the company. Alley Investment Management Company LLC grew its holdings in shares of Prologis by 102.8% during the 1st quarter. Alley Investment Management Company LLC now owns 108,335 shares of the real estate investment trust's stock worth $12,111,000 after purchasing an additional 54,914 shares in the last quarter. Jump Financial LLC bought a new position in Prologis in the 1st quarter valued at $2,120,000. First Citizens Bank & Trust Co. raised its position in Prologis by 1,451.2% in the 1st quarter. First Citizens Bank & Trust Co. now owns 31,180 shares of the real estate investment trust's stock valued at $3,486,000 after purchasing an additional 29,170 shares during the last quarter. Truist Financial Corp raised its position in Prologis by 9.3% in the 1st quarter. Truist Financial Corp now owns 297,270 shares of the real estate investment trust's stock valued at $33,232,000 after purchasing an additional 25,229 shares during the last quarter. Finally, Ally Financial Inc. raised its position in shares of Prologis by 16.7% during the first quarter. Ally Financial Inc. now owns 28,000 shares of the real estate investment trust's stock worth $3,130,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Performance

PLD stock opened at $114.15 on Tuesday. The stock has a 50-day moving average price of $109.95 and a 200-day moving average price of $107.50. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $127.65. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. The firm has a market cap of $105.96 billion, a PE 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 announced its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.05. The business 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 company's quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, equities research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 16th. Prologis's payout ratio is presently 109.49%.

Insider Buying and Selling

In other news, Director Cristina Gabriela Bita sold 1,000 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the transaction, the director owned 9,829 shares of the company's stock, 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 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 completion of the transaction, 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. Insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wells Fargo & Company set a $137.00 price objective on Prologis and gave the stock an "overweight" rating in a research note on Sunday, July 13th. Evercore ISI upped their price objective on Prologis from $111.00 to $113.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Citigroup reduced their price objective on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Finally, Bank of America upgraded Prologis from a "neutral" rating to a "buy" rating and increased their target price for the stock from $118.00 to $130.00 in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently 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.

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