Inspire Investing LLC Buys 7,518 Shares of Prologis, Inc. $PLD

Key Points

• Inspire Investing LLC increased its stake in Prologis, Inc. by 9.0%, acquiring an additional 7,518 shares during the first quarter, bringing its total ownership to 90,605 shares valued at approximately $10.13 million.
• Several institutional investors significantly increased their positions in Prologis, including Activest Wealth Management, which raised its stake by 637.1%, now owning 258 shares valued at $29,000.
• Prologis recently declared a quarterly dividend of $1.01 per share, representing an annualized yield of 3.5% with a payout ratio of 109.49%.

Inspire Investing LLC raised its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 9.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,605 shares of the real estate investment trust's stock after purchasing an additional 7,518 shares during the period. Prologis comprises 1.2% of Inspire Investing LLC's investment portfolio, making the stock its 8th biggest position. Inspire Investing LLC's holdings in Prologis were worth $10,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Activest Wealth Management raised its position in Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 223 shares in the last quarter. REAP Financial Group LLC raised its position in Prologis by 40.0% in the 4th 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 in the last quarter. Pandora Wealth Inc. acquired a new stake in Prologis in the 1st quarter valued at about $34,000. GKV Capital Management Co. Inc. acquired a new stake in Prologis in the 1st quarter valued at about $34,000. Finally, Saudi Central Bank acquired a new stake in Prologis in the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Insider Buying and Selling

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the firm's stock in a transaction that occurred on 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 $46,090.62. This trade represents a 98.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 9,829 shares in the company, valued at $1,091,019. This represents a 9.23% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PLD shares. Scotiabank set a $114.00 price target on Prologis and gave the company a "sector perform" rating in a research report on Wednesday, August 27th. Mizuho set a $118.00 target price on Prologis and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Wells Fargo & Company set a $137.00 target price on Prologis and gave the stock an "overweight" rating in a research report on Sunday, July 13th. Citigroup cut their target price on Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, UBS Group raised their target price on Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Prologis currently has an average rating of "Moderate Buy" and an average target price of $121.83.

Prologis Trading Up 3.7%

NYSE:PLD opened at $115.09 on Friday. The stock's 50 day moving average price is $109.03 and its 200 day moving average price is $108.10. The company has a market capitalization of $106.83 billion, a PE ratio of 31.19, a P/E/G ratio of 2.78 and a beta of 1.26. 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 $132.39.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.05. The firm 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 16th. Prologis's dividend payout ratio (DPR) is currently 109.49%.

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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