Prologis, Inc. $PLD Shares Acquired by Lazard Freres Gestion S.A.S.

Key Points

• Lazard Freres Gestion S.A.S. increased its holdings in Prologis, Inc. by 39.8%, owning 18,000 shares valued at approximately $1.89 million as of recent SEC filings.
• Prologis recently reported an EPS of $1.49 for the quarter, exceeding expectations, with an annualized dividend of $4.04 and a yield of 3.2%.
• Insiders sold a total of 26,500 shares worth nearly $3 million over the last 90 days, indicating potential shifts in confidence among company leadership.

Lazard Freres Gestion S.A.S. increased its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 39.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,000 shares of the real estate investment trust's stock after acquiring an additional 5,120 shares during the period. Lazard Freres Gestion S.A.S.'s holdings in Prologis were worth $1,892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Stratos Wealth Partners LTD. grew its holdings in Prologis by 0.7% during the second quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust's stock worth $1,438,000 after acquiring an additional 93 shares during the period. Michael S. Ryan Inc. grew its holdings in Prologis by 2.9% during the second 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 grew its holdings in Prologis by 3.7% during the first 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 grew its holdings in Prologis by 5.6% during the first 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. Finally, Sandler Capital Management grew its holdings in Prologis by 5.3% during the first 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. Institutional investors and hedge funds own 93.50% of the company's stock.

Insiders Place Their Bets

In related news, Director Cristina Gabriela Bita sold 1,000 shares of Prologis 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 in the company, valued at $1,091,019. The trade was a 9.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction on Tuesday, August 26th. The stock was 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 owned 414 shares in the company, valued at $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. Insiders sold a total of 26,500 shares of company stock worth $2,952,095 over the last 90 days. Insiders own 0.57% of the company's stock.

Prologis Trading Down 0.0%

Shares of PLD opened at $125.93 on Friday. The company has a market capitalization of $116.95 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.19 and a beta of 1.28. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.20. The stock has a 50-day moving average price of $114.80 and a 200 day moving average price of $108.74. Prologis, Inc. has a one year low of $85.35 and a one year high of $127.50.

Prologis (NYSE:PLD - Get Free Report) last released its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.05. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.55% and a net margin of 36.71%.Prologis's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Sell-side analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis's payout ratio is currently 117.78%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLD. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Prologis in a report on Wednesday, October 8th. Evercore ISI boosted their target price on Prologis from $113.00 to $116.00 and gave the stock an "in-line" rating in a research report on Thursday, October 16th. Scotiabank set a $114.00 target price on Prologis and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Mizuho set a $118.00 target price on Prologis and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Finally, BMO Capital Markets upgraded Prologis from an "underperform" rating to a "market perform" rating and set a $119.00 target price on the stock in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.44.

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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