Integrity Alliance LLC. Makes New $284,000 Investment in Prologis, Inc. $PLD

Key Points

• Integrity Alliance LLC has invested approximately $284,000 in Prologis, Inc., acquiring 2,544 shares of the real estate investment trust.
• Prologis reported earnings of $1.46 per share, surpassing the consensus estimate of $1.41, with a year-over-year revenue increase of 8.8%.
• The company declared a quarterly dividend of $1.01 per share, resulting in an annualized yield of 3.5% and a payout ratio of 109.49%.

Integrity Alliance LLC. bought a new position in Prologis, Inc. (NYSE:PLD - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,544 shares of the real estate investment trust's stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLD. Alley Investment Management Company LLC increased its position in Prologis by 102.8% during the first quarter. Alley Investment Management Company LLC now owns 108,335 shares of the real estate investment trust's stock worth $12,111,000 after buying an additional 54,914 shares during the last quarter. Jump Financial LLC bought a new position in Prologis in the 1st quarter worth $2,120,000. First Citizens Bank & Trust Co. raised its holdings 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 worth $3,486,000 after acquiring an additional 29,170 shares during the period. Truist Financial Corp raised its holdings 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 worth $33,232,000 after acquiring an additional 25,229 shares during the period. Finally, Ally Financial Inc. raised its holdings in Prologis by 16.7% in the 1st 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 period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Price Performance

Shares of Prologis stock opened at $115.48 on Friday. 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 firm's 50-day simple moving average is $109.18 and its 200-day simple moving average is $107.95. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.39. The firm has a market cap of $107.20 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 2.88 and a beta of 1.26.

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

Prologis Announces Dividend

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

Analyst Upgrades and Downgrades

PLD has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Mizuho set a $118.00 target price on shares of Prologis and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Wells Fargo & Company set a $137.00 target price on shares of Prologis and gave the stock an "overweight" rating in a report on Sunday, July 13th. UBS Group boosted their price objective on shares of Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Scotiabank set a $114.00 price objective on shares of Prologis and gave the stock a "sector perform" rating in a report on Wednesday, August 27th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $121.83.

Insider Transactions at Prologis

In other Prologis news, 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 value of $111,000.00. Following the completion of the transaction, the director directly owned 9,829 shares of the company's stock, valued at approximately $1,091,019. The trade was a 9.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business's 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 completion of the transaction, the chief accounting officer directly owned 414 shares of the company's stock, valued at approximately $46,090.62. This represents 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 owned by insiders.

About Prologis

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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