Park Edge Advisors LLC Invests $302,000 in Prologis, Inc. $PLD

Key Points

• Park Edge Advisors LLC invested approximately $302,000 in Prologis, acquiring 2,870 shares during the second quarter, according to a recent SEC filing.
• Prologis reported an EPS of $1.46 for the last quarter, exceeding analysts' expectations, with revenue reaching $2.03 billion, marking an 8.8% year-over-year increase.
• The company has announced a quarterly dividend of $1.01 per share, translating to an annualized dividend of $4.04 and a yield of 3.5%.

Park Edge Advisors LLC acquired a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,870 shares of the real estate investment trust's stock, valued at approximately $302,000.

Several other institutional investors have also recently modified their holdings of PLD. Activest Wealth Management raised its position in shares of 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 purchasing an additional 223 shares during the last quarter. REAP Financial Group LLC raised its position in shares of Prologis by 40.0% during the 4th 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. acquired a new position in shares of Prologis during the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of Prologis during the 1st quarter worth approximately $34,000. Finally, Saudi Central Bank acquired a new position in shares of Prologis during the 1st quarter worth approximately $41,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Trading Up 0.6%

PLD stock opened at $115.48 on Friday. The company has a market cap of $107.20 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 2.88 and a beta of 1.26. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $109.18 and a 200-day simple moving average of $107.95. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.39.

Prologis (NYSE:PLD - Get Free Report) last released 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. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The business's revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, equities research analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company also recently disclosed 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 dividend payout ratio is presently 109.49%.

Insiders Place Their Bets

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the company's stock in a transaction 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of the company's 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 sale, the director directly 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 disclosure for this sale can be found here. Corporate insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on PLD shares. Scotiabank set a $114.00 price objective on Prologis and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Wells Fargo & Company set a $137.00 price objective on Prologis and gave the stock an "overweight" rating in a research report on Sunday, July 13th. UBS Group lifted their price objective on Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Citigroup cut their price target on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, Mizuho set a $118.00 price target on Prologis and gave the company an "outperform" rating in a report on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.83.

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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