Focus Partners Advisor Solutions LLC Purchases 2,222 Shares of Prologis, Inc. $PLD

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Prologis, Inc. by 56.7% in Q1, acquiring an additional 2,222 shares, bringing their total holdings to 6,139 shares worth $686,000.
• Several hedge funds, including Flputnam Investment Management Co. and Nomura Holdings Inc., also boosted their positions in Prologis, with Nomura increasing its stake by 60.9% to 245,789 shares, valued at $27.5 million.
• Prologis announced a quarterly dividend of $1.01 per share, representing an annualized yield of 3.6%, although its dividend payout ratio stands at 109.49%, indicating that it is paying out more than it earns.

Focus Partners Advisor Solutions LLC increased its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 56.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,139 shares of the real estate investment trust's stock after buying an additional 2,222 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Prologis were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. REAP Financial Group LLC grew its holdings in shares of Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 84 shares in the last quarter. LaSalle St. Investment Advisors LLC lifted its position 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 buying an additional 96 shares during the last quarter. Van Hulzen Asset Management LLC lifted its position 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 buying an additional 96 shares during the last quarter. Focus Financial Network Inc. lifted its position in shares of Prologis by 5.2% during the 1st quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust's stock worth $234,000 after purchasing an additional 104 shares during the last quarter. Finally, Exencial Wealth Advisors LLC lifted its position in shares of Prologis by 5.1% during the 1st quarter. Exencial Wealth Advisors LLC now owns 2,210 shares of the real estate investment trust's stock worth $247,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on PLD. 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. Citigroup lowered their price objective on Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. UBS Group upped their price objective on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company set a $137.00 price objective on Prologis and gave the company an "overweight" rating in a research note on Sunday, July 13th. Finally, Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $121.83.

Prologis Trading Down 0.7%

Shares of PLD stock traded down $0.83 during trading hours on Wednesday, reaching $111.14. The company had a trading volume of 458,156 shares, compared to its average volume of 4,367,293. The company has a 50 day moving average of $108.83 and a 200 day moving average of $108.11. 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 firm has a market cap of $103.16 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 2.85 and a beta of 1.26. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.39.

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

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Prologis's dividend payout ratio (DPR) is presently 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 stock was sold at an average price of $111.00, for a total transaction of $111,000.00. Following the completion of the transaction, the director owned 9,829 shares in the company, valued at approximately $1,091,019. This represents a 9.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $2,783,250.00. Following the transaction, the chief accounting officer owned 414 shares of the company's stock, 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. 0.57% of the stock is currently owned by corporate insiders.

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.