Prologis, Inc. $PLD Holdings Trimmed by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM significantly reduced its position in Prologis, Inc. by 86.3% in the first quarter, owning 1,461,508 shares after selling over 9 million shares.
• Prologis reported a quarterly EPS of $1.46, exceeding analyst expectations, and projects FY 2025 EPS guidance between 5.750-5.800.
• The company is set to pay a quarterly dividend of $1.01, resulting in an annualized yield of 3.5%, with a payout ratio currently at 109.49%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC trimmed its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 86.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,461,508 shares of the real estate investment trust's stock after selling 9,187,364 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.16% of Prologis worth $163,382,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Advisory Services LLC purchased a new position in Prologis during the 1st quarter worth approximately $209,000. Palogic Value Management L.P. purchased a new position in Prologis during the 1st quarter worth approximately $227,000. Zimmer Partners LP grew its position in Prologis by 10.0% during the 1st quarter. Zimmer Partners LP now owns 137,500 shares of the real estate investment trust's stock worth $15,371,000 after purchasing an additional 12,500 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Prologis during the 1st quarter worth approximately $21,792,000. Finally, Empowered Funds LLC grew its position in Prologis by 5.2% during the 1st quarter. Empowered Funds LLC now owns 41,877 shares of the real estate investment trust's stock worth $4,681,000 after purchasing an additional 2,080 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PLD shares. Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the company an "overweight" rating in a report on Sunday, July 13th. Mizuho set a $118.00 price target on shares of Prologis and gave the company an "outperform" rating in a report on Tuesday, August 19th. Scotiabank set a $114.00 price target on shares of Prologis and gave the company a "sector perform" rating in a report on Wednesday, August 27th. Citigroup lowered their price target on shares of Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.83.

Prologis Stock Up 0.6%

PLD stock opened at $115.48 on Friday. 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 1 year low of $85.35 and a 1 year high of $132.39. The company has a fifty day simple moving average of $109.18 and a 200 day simple moving average of $108.05. The firm has a market cap of $107.20 billion, a PE ratio of 31.30, a PEG ratio of 2.88 and a beta of 1.26.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business earned $1.34 EPS. 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. Sell-side analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently disclosed 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 dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 16th. Prologis's payout ratio is presently 109.49%.

Insider Buying and Selling at Prologis

In related news, CAO Lori A. Palazzolo sold 25,000 shares of Prologis 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 sale, the chief accounting officer owned 414 shares of the company's stock, valued at approximately $46,090.62. The trade was a 98.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction 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 sale, the director directly owned 9,829 shares of the company's stock, valued at approximately $1,091,019. The trade was a 9.23% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.

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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