PFG Investments LLC Lowers Holdings in Prologis, Inc. $PLD

PFG Investments LLC lowered its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 13.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 17,717 shares of the real estate investment trust's stock after selling 2,725 shares during the quarter. PFG Investments LLC's holdings in Prologis were worth $1,862,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Michael S. Ryan Inc. boosted its holdings in Prologis by 2.9% in the 2nd quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust's stock worth $348,000 after acquiring an additional 94 shares during the period. LaSalle St. Investment Advisors LLC boosted its holdings in Prologis by 3.7% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust's stock worth $300,000 after acquiring an additional 96 shares during the period. Van Hulzen Asset Management LLC boosted its holdings in Prologis by 5.6% in the 1st quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust's stock worth $201,000 after acquiring an additional 96 shares during the period. Sandler Capital Management boosted its holdings in Prologis by 5.3% in the 1st quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust's stock worth $224,000 after acquiring an additional 100 shares during the period. Finally, Sunflower Bank N.A. boosted its holdings in Prologis by 3.9% in the 2nd quarter. Sunflower Bank N.A. now owns 2,697 shares of the real estate investment trust's stock worth $284,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Price Performance

Shares of NYSE PLD opened at $116.47 on Thursday. Prologis, Inc. has a 1-year low of $85.35 and a 1-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 business's fifty day moving average price is $110.77 and its two-hundred day moving average price is $107.58. The firm has a market capitalization of $108.11 billion, a PE ratio of 31.56, a P/E/G ratio of 2.89 and a beta of 1.28.

Prologis (NYSE:PLD - Get Free Report) last issued its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned $1.34 earnings per share. The firm's revenue for the quarter 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, research analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 annualized dividend and a yield of 3.5%. Prologis's dividend payout ratio (DPR) is currently 109.49%.

Insider Activity

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 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 disclosure for this sale can be found here. Company insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen cut Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Evercore ISI upped their price target on Prologis from $111.00 to $113.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. Scotiabank set a $114.00 price target on Prologis and gave the stock a "sector perform" rating in a report on Wednesday, August 27th. Mizuho set a $118.00 price target on Prologis and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Finally, Citigroup cut their target price on Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Prologis presently has an average rating of "Moderate Buy" and an average target price of $122.58.

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.

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