James Hambro & Partners LLP Has $1.31 Million Stock Holdings in Prologis, Inc. $PLD

Key Points

• James Hambro & Partners LLP increased its stake in Prologis, Inc. by 25.6%, now holding 12,427 shares worth approximately $1.31 million.
• Prologis announced a quarterly dividend of $1.01 per share, effective September 30th, representing a 3.5% dividend yield based on an annualized basis.
• Institutional investors collectively own 93.50% of Prologis's stock, indicating strong institutional confidence in the company.

James Hambro & Partners LLP increased its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 25.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,427 shares of the real estate investment trust's stock after acquiring an additional 2,532 shares during the quarter. Prologis comprises 0.1% of James Hambro & Partners LLP's holdings, making the stock its 28th largest holding. James Hambro & Partners LLP's holdings in Prologis were worth $1,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in PLD. Vanguard Group Inc. boosted its stake in shares of Prologis by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust's stock valued at $13,564,533,000 after purchasing an additional 869,310 shares during the last quarter. Nuveen LLC acquired a new position in Prologis in the first quarter valued at $1,456,768,000. Charles Schwab Investment Management Inc. boosted its position in Prologis by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,495,932 shares of the real estate investment trust's stock valued at $1,173,340,000 after acquiring an additional 93,201 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Prologis by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust's stock valued at $1,113,994,000 after purchasing an additional 1,146,454 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Prologis by 7.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,790,241 shares of the real estate investment trust's stock valued at $870,871,000 after purchasing an additional 507,367 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Insider Activity

In other Prologis news, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction on 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. The trade was a 9.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the sale, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.57% of the company's stock.

Prologis Trading Up 0.9%

Shares of PLD opened at $114.27 on Friday. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $127.65. 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 company has a market capitalization of $106.07 billion, a P/E ratio of 30.97, a P/E/G ratio of 2.88 and a beta of 1.26. The firm's 50 day simple moving average is $110.41 and its 200 day simple moving average is $107.48.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data 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. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The company had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period last year, the firm posted $1.34 EPS. Prologis's revenue for the quarter was up 8.8% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Sell-side analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal 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 issued a dividend of $1.01 per share. 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 109.49%.

Analyst Ratings Changes

PLD has been the topic of several recent analyst reports. UBS Group boosted their price target on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Bank of America raised shares of 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. Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Citigroup dropped their price target on Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, Evercore ISI upped their target price on shares of Prologis from $111.00 to $113.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $122.58.

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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