Guardian Asset Advisors LLC Acquires New Shares in Prologis, Inc. $PLD

Key Points

• Guardian Asset Advisors LLC acquired a new stake of 3,128 shares in Prologis, Inc., valued at approximately $329,000, during the second quarter.
• Prologis recently declared a quarterly dividend of $1.01, resulting in an annualized yield of 3.2%, despite a payout ratio of 117.78%.
• Analysts hold a generally positive outlook on Prologis, with the average price target set at $124.44 and multiple institutions upgrading their ratings recently.

Guardian Asset Advisors LLC bought a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,128 shares of the real estate investment trust's stock, valued at approximately $329,000.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management raised its holdings in Prologis by 637.1% during the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 223 shares in the last quarter. Pandora Wealth Inc. bought a new position in Prologis in the 1st quarter worth $34,000. GKV Capital Management Co. Inc. bought a new position in Prologis in the 1st quarter worth $34,000. Saudi Central Bank bought a new position in Prologis in the 1st quarter worth $41,000. Finally, Olde Wealth Management LLC bought a new position in Prologis in the 1st quarter worth $43,000. 93.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PLD has been the topic of several recent analyst reports. 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. Industrial Alliance Securities set a $119.00 target price on shares of Prologis in a report on Monday. Evercore ISI boosted their price objective on shares of Prologis from $113.00 to $116.00 and gave the stock an "in-line" rating in a report on Thursday, October 16th. Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Finally, BMO Capital Markets upgraded shares of Prologis from an "underperform" rating to a "market perform" rating and set a $119.00 price objective on the stock in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $124.44.

Insider Transactions at Prologis

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the business's stock in a transaction dated 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 transaction, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of the business's 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 completion of the transaction, the director owned 9,829 shares in the company, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,500 shares of company stock worth $2,952,095. Company insiders own 0.57% of the company's stock.

Prologis Stock Performance

NYSE PLD opened at $125.93 on Friday. The stock has a market cap of $116.95 billion, a P/E ratio of 36.71, a PEG ratio of 3.19 and a beta of 1.28. The company's 50-day simple moving average is $114.80 and its 200 day simple moving average is $108.74. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $127.50. The company has a quick ratio of 0.65, a current ratio of 0.20 and a debt-to-equity ratio of 0.62.

Prologis (NYSE:PLD - Get Free Report) last posted its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.05. The business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 earnings per share. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. As a group, research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a $1.01 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.2%. Prologis's payout ratio is 117.78%.

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.

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