Prologis, Inc. $PLD Holdings Reduced by Pensionfund DSM Netherlands

Key Points

• Pensionfund DSM Netherlands has reduced its stake in Prologis, Inc. by 5.6%, owning 117,353 shares valued at approximately $13.1 million, making it Prologis' largest position in their portfolio.
• Prologis reported a quarterly EPS of $1.46, exceeding analysts' expectations, and their revenue increased by 8.8% year-over-year.
• Prologis has announced a quarterly dividend of $1.01 per share, representing an annual yield of 3.5%, with shareholders of record set to be paid on September 30th.

Pensionfund DSM Netherlands decreased its position in Prologis, Inc. (NYSE:PLD - Free Report) by 5.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,353 shares of the real estate investment trust's stock after selling 7,000 shares during the period. Prologis accounts for about 8.7% of Pensionfund DSM Netherlands' investment portfolio, making the stock its biggest position. Pensionfund DSM Netherlands' holdings in Prologis were worth $13,119,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of PLD. Activest Wealth Management boosted its holdings in shares of Prologis by 637.1% in the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 223 shares during the period. REAP Financial Group LLC boosted its holdings in shares of Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 84 shares during the period. Pandora Wealth Inc. purchased a new stake in shares of Prologis in the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Prologis in the first quarter valued at approximately $34,000. Finally, Saudi Central Bank bought a new position in Prologis in the first quarter worth approximately $41,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Stock Down 1.0%

Shares of PLD stock traded down $1.11 during trading hours on Monday, reaching $114.24. 2,717,370 shares of the company's stock were exchanged, compared to its average volume of 3,159,174. The stock's 50 day moving average is $109.34 and its 200-day moving average is $107.78. The company has a market cap of $106.04 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 2.89 and a beta of 1.26. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $130.16.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.05. The business had revenue of $2.03 billion for 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 quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Analysts predict 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 given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 16th. Prologis's dividend payout ratio is presently 109.49%.

Insider Buying and Selling at Prologis

In related news, 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 value of $111,000.00. Following the transaction, the director directly owned 9,829 shares of the company's stock, valued at $1,091,019. This represents a 9.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $2,783,250.00. Following the completion of the transaction, the chief accounting officer directly owned 414 shares in the company, valued at approximately $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PLD has been the subject of a number of recent research reports. Citigroup reduced 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. Barclays reduced their price objective on shares of Prologis from $119.00 to $118.00 and set an "overweight" rating for the company in a research note on Monday. UBS Group boosted their price objective on shares of Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Scotiabank set a $114.00 price objective on shares of Prologis and gave the stock a "sector perform" rating in a research note on Wednesday, August 27th. Finally, Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $122.17.

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.