Nissay Asset Management Corp Japan ADV Purchases 3,384 Shares of Prologis, Inc. $PLD

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in Prologis, Inc. by 1.4% in Q1, bringing its total ownership to 245,475 shares worth approximately $27.4 million.
• Prologis recently reported Q2 earnings of $1.46 per share, exceeding analysts' expectations, with revenue reaching $2.03 billion, marking an 8.8% increase year-over-year.
• The company declared a quarterly dividend of $1.01 per share, yielding 3.6%, with a payout ratio currently at 109.49%.

Nissay Asset Management Corp Japan ADV increased its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 1.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 245,475 shares of the real estate investment trust's stock after acquiring an additional 3,384 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Prologis were worth $27,442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management grew its position in Prologis by 637.1% in the first 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. REAP Financial Group LLC lifted its stake in Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 84 shares during the last quarter. Pandora Wealth Inc. bought a new stake in Prologis in the first quarter worth $34,000. GKV Capital Management Co. Inc. bought a new stake in Prologis in the first quarter worth $34,000. Finally, Saudi Central Bank bought a new stake in Prologis in the first quarter worth $41,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Prologis news, Director Cristina Gabriela Bita sold 1,000 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 414 shares of the company's stock, valued at $46,090.62. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.57% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the stock an "overweight" rating in a research note on Sunday, July 13th. Wall Street Zen downgraded shares of Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Mizuho set a $118.00 price objective on shares of Prologis and gave the company an "outperform" rating in a research note on Tuesday, August 19th. UBS Group upped their price objective on shares of Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Citigroup lowered their price objective on shares of Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Prologis presently has an average rating of "Moderate Buy" and an average target price of $121.83.

Prologis Stock Up 0.8%

PLD traded up $0.96 on Friday, hitting $113.57. The company had a trading volume of 2,595,695 shares, compared to its average volume of 2,813,695. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The stock has a fifty day simple moving average of $108.56 and a 200-day simple moving average of $108.14. The firm has a market capitalization of $105.42 billion, a P/E ratio of 30.78, a P/E/G ratio of 2.85 and a beta of 1.26.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the business posted $1.34 earnings per share. Prologis's quarterly revenue was up 8.8% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, equities analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $1.01 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $4.04 annualized dividend and a yield of 3.6%. Prologis's dividend payout ratio (DPR) is 109.49%.

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.