Liberty One Investment Management LLC Grows Holdings in Prologis, Inc. $PLD

Key Points

• Liberty One Investment Management LLC increased its holdings in Prologis, Inc. by 8.9% during the 2nd quarter, now owning 47,402 shares valued at approximately $4.98 million.
• Several institutional investors have recently acquired or increased their stake in Prologis, with hedge funds and institutions collectively holding 93.50% of the company's stock.
• Prologis reported earnings of $1.49 per share, exceeding analyst expectations, and announced a quarterly dividend of $1.01 per share with an annual yield of 3.2%.

Liberty One Investment Management LLC increased its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 8.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,402 shares of the real estate investment trust's stock after buying an additional 3,865 shares during the period. Liberty One Investment Management LLC's holdings in Prologis were worth $4,983,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management grew its holdings in Prologis by 637.1% during the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 223 shares in the last quarter. Pandora Wealth Inc. acquired a new position in Prologis during the 1st quarter worth $34,000. GKV Capital Management Co. Inc. acquired a new position in Prologis during the 1st quarter worth $34,000. Saudi Central Bank acquired a new position in Prologis during the 1st quarter worth $41,000. Finally, Olde Wealth Management LLC acquired a new position in Prologis during the 1st quarter worth $43,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

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 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 $46,090.62. The trade was a 98.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 transaction, the director directly owned 9,829 shares of the company's stock, valued at $1,091,019. The trade was a 9.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,500 shares of company stock valued at $2,952,095 over the last three months. 0.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PLD. Barclays decreased their price objective on shares of Prologis from $119.00 to $118.00 and set an "overweight" rating for the company in a report on Monday, September 15th. Truist Financial reaffirmed a "buy" rating and set a $131.00 price objective (up previously from $120.00) on shares of Prologis in a research report on Monday. Industrial Alliance Securities set a $119.00 price objective on shares of Prologis in a research note on Monday. Weiss Ratings reissued a "hold (c)" rating on shares of Prologis in a report on Wednesday, October 8th. Finally, Evercore ISI raised their target price 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. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.50.

Prologis Trading Up 2.6%

Prologis stock opened at $127.33 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.20 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $113.58 and a two-hundred day moving average price of $108.28. The firm has a market capitalization of $118.24 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 3.13 and a beta of 1.28. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $127.47.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.05. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. Prologis's revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Sell-side analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

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

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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