Prologis, Inc. $PLD Position Lessened by Uniplan Investment Counsel Inc.

Key Points

• Uniplan Investment Counsel Inc. reduced its stake in Prologis, Inc. by 21.5% in Q1, holding approximately 168,981 shares, valued at $18.89 million.
• Several large investors have adjusted their positions in Prologis, with Vanguard Group increasing its holdings by 0.7%, now owning shares worth over $13.5 billion.
• Prologis announced a quarterly dividend of $1.01 per share, reflecting a 3.6% dividend yield, with a payout ratio of 109.49%.

Uniplan Investment Counsel Inc. reduced its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 21.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,981 shares of the real estate investment trust's stock after selling 46,188 shares during the quarter. Prologis comprises approximately 1.8% of Uniplan Investment Counsel Inc.'s holdings, making the stock its 16th largest position. Uniplan Investment Counsel Inc.'s holdings in Prologis were worth $18,890,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PLD. Vanguard Group Inc. increased its holdings in shares of Prologis by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust's stock worth $13,564,533,000 after acquiring an additional 869,310 shares during the period. Nuveen LLC bought a new position in Prologis in the 1st quarter worth about $1,456,768,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Prologis by 5.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,648,872 shares of the real estate investment trust's stock valued at $1,125,586,000 after purchasing an additional 505,318 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Prologis by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,495,932 shares of the real estate investment trust's stock valued at $1,173,340,000 after buying an additional 93,201 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Prologis by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust's stock worth $1,113,994,000 after buying an additional 1,146,454 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of Prologis stock opened at $113.57 on Friday. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.57. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. The stock has a market cap of $105.42 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 2.85 and a beta of 1.26. The company's 50-day moving average price is $108.56 and its two-hundred day moving average price is $108.23.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share 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 company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $1.34 EPS. The business'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. As a group, sell-side analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.6%. Prologis's payout ratio is 109.49%.

Insiders Place Their Bets

In related news, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction dated 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 owned 9,829 shares of the company's stock, 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 can be accessed through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the company'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 sale, the chief accounting officer directly owned 414 shares of the company's stock, valued at $46,090.62. This 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.

Analysts Set New Price Targets

PLD has been the topic of several analyst reports. Mizuho set a $118.00 target price on Prologis and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Scotiabank set a $114.00 price objective on shares of Prologis and gave the company a "sector perform" rating in a research note on Wednesday, August 27th. 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 report on Wednesday, July 23rd. Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Finally, UBS Group upped their price target 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. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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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