Northside Capital Management LLC Acquires New Shares in Prologis, Inc. $PLD

Key Points

• Northside Capital Management LLC acquired 9,322 shares of Prologis, valued at approximately $980,000, during the second quarter.
• Prologis announced a quarterly dividend of $1.01, yielding 3.5%, which will be paid on September 30th to investors of record as of September 16th.
• Analysts have mixed ratings on Prologis, with target prices ranging from $113.00 to $137.00, and a consensus average price target of $122.58.

Northside Capital Management LLC acquired a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,322 shares of the real estate investment trust's stock, valued at approximately $980,000.

A number of other large investors have also made changes to their positions in the company. Accurate Wealth Management LLC increased its position in shares of Prologis by 8.2% in the 2nd quarter. Accurate Wealth Management LLC now owns 6,133 shares of the real estate investment trust's stock valued at $664,000 after buying an additional 464 shares in the last quarter. CCM Investment Advisers LLC increased its position in shares of Prologis by 7.4% in the 2nd quarter. CCM Investment Advisers LLC now owns 78,810 shares of the real estate investment trust's stock valued at $8,285,000 after buying an additional 5,423 shares in the last quarter. Family Wealth Partners LLC bought a new stake in shares of Prologis in the 2nd quarter valued at $255,000. Opal Wealth Advisors LLC increased its position in shares of Prologis by 173.2% in the 2nd quarter. Opal Wealth Advisors LLC now owns 2,912 shares of the real estate investment trust's stock valued at $306,000 after buying an additional 1,846 shares in the last quarter. Finally, MFA Wealth Advisors LLC increased its position in shares of Prologis by 7.7% in the 2nd quarter. MFA Wealth Advisors LLC now owns 3,474 shares of the real estate investment trust's stock valued at $365,000 after buying an additional 249 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Insider Activity

In related news, Director Cristina Gabriela Bita sold 1,000 shares of the firm'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 sale, the director directly owned 9,829 shares in the company, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Lori A. Palazzolo sold 25,000 shares of the firm'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 sale, the chief accounting officer owned 414 shares of the company's stock, 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. Company insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PLD shares. Barclays lowered their target price on Prologis from $119.00 to $118.00 and set an "overweight" rating for the company in a report on Monday, September 15th. Wells Fargo & Company set a $137.00 target price on Prologis and gave the stock an "overweight" rating in a report on Sunday, July 13th. UBS Group increased their target price on Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Evercore ISI increased their target price on Prologis from $111.00 to $113.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. Finally, Scotiabank set a $114.00 target price on Prologis and gave the stock a "sector perform" rating in a report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Prologis has an average rating of "Moderate Buy" and an average price target of $122.58.

Prologis Trading Up 0.5%

Prologis stock opened at $114.45 on Wednesday. The firm has a 50-day moving average of $110.06 and a 200-day moving average of $107.55. Prologis, Inc. has a one year low of $85.35 and a one 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 cap of $106.24 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 2.88 and a beta of 1.26.

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

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, September 16th. Prologis's dividend payout ratio (DPR) is 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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