Prologis, Inc. $PLD Holdings Boosted by Presima Securities ULC

Key Points

• Presima Securities ULC increased its stake in Prologis, Inc. by 9.8% in Q1, owning 452,943 shares worth approximately $50.6 million, making it the largest holding in its portfolio.
• Prologis reported $1.46 EPS for Q2, exceeding expectations, with a revenue of $2.03 billion, an increase of 8.8% year-over-year.
• The company declared a quarterly dividend of $1.01 per share, reflecting an annualized yield of 3.6% with a payout ratio of 109.49%.

Presima Securities ULC boosted its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 452,943 shares of the real estate investment trust's stock after purchasing an additional 40,283 shares during the quarter. Prologis comprises approximately 11.3% of Presima Securities ULC's holdings, making the stock its largest holding. Presima Securities ULC's holdings in Prologis were worth $50,634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management boosted its stake in Prologis by 637.1% during the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 223 shares during the last quarter. REAP Financial Group LLC boosted its position in shares of Prologis by 40.0% during the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 84 shares during the last quarter. Pandora Wealth Inc. bought a new position in shares of Prologis during the 1st quarter valued at approximately $34,000. GKV Capital Management Co. Inc. purchased a new position in shares of Prologis in the first quarter valued at $34,000. Finally, Saudi Central Bank purchased a new position in shares of Prologis in the first quarter valued at $41,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Insider Activity at Prologis

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the firm's stock in a transaction on 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 transaction, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. This trade represents a 98.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 value of $111,000.00. Following the sale, the director directly owned 9,829 shares of the company's stock, valued at approximately $1,091,019. This trade represents a 9.23% 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.

Analyst Upgrades and Downgrades

PLD has been the topic of a number of recent research reports. Citigroup decreased their price target on shares of Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Mizuho set a $118.00 target price on shares of Prologis and gave the company an "outperform" rating in a research 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. UBS Group lifted their price target on Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company set a $137.00 price objective on Prologis and gave the stock an "overweight" rating in a research note on Sunday, July 13th. Two research 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $121.83.

Prologis Trading Down 0.9%

Shares of NYSE PLD traded down $0.95 during mid-day trading on Wednesday, reaching $111.02. The company had a trading volume of 3,040,703 shares, compared to its average volume of 2,917,187. The stock has a market cap of $103.05 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 2.81 and a beta of 1.26. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.39. The business's 50-day moving average is $108.83 and its 200-day moving average is $108.11. 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 (NYSE:PLD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.05. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Equities analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $4.04 annualized dividend and a yield of 3.6%. Prologis's dividend payout ratio is 109.49%.

About Prologis

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.