Prologis, Inc. $PLD Shares Bought by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Prologis, Inc. by 3.9%, owning approximately 1.76 million shares valued at $182.9 million as of the latest quarter, with institutional investors now holding 93.5% of the stock.
• Prologis reported an earnings per share (EPS) of $1.46 for the latest quarter, exceeding analyst estimates, alongside a quarterly revenue of $2.03 billion, which was in line with expectations.
• The company recently announced a quarterly dividend of $1.01 per share, indicating a yield of 3.6%, though it has a high dividend payout ratio of 109.49%.

Aberdeen Group plc grew its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,763,088 shares of the real estate investment trust's stock after acquiring an additional 65,612 shares during the quarter. Aberdeen Group plc owned about 0.19% of Prologis worth $182,938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLD. Activest Wealth Management grew its stake in shares of Prologis by 637.1% in 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 in the last quarter. Pandora Wealth Inc. acquired a new stake in shares of Prologis in the first quarter valued at about $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Prologis in the first quarter valued at about $34,000. Saudi Central Bank acquired a new stake in shares of Prologis in the first quarter valued at about $41,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Prologis in the first quarter valued at about $43,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of NYSE PLD opened at $111.29 on Friday. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $127.65. The business has a 50 day moving average price of $111.79 and a two-hundred day moving average price of $107.78. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. The firm has a market cap of $103.35 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.28.

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

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis's dividend payout ratio (DPR) is currently 109.49%.

Insider Buying and Selling

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction that occurred 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 owned 414 shares of the company's stock, valued at $46,090.62. This trade represents a 98.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of the stock in a transaction that occurred 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 approximately $1,091,019. This represents a 9.23% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,500 shares of company stock worth $2,952,095. 0.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PLD has been the subject of a number of recent research reports. Barclays lowered their target price on Prologis from $119.00 to $118.00 and set an "overweight" rating for the company in a research note on Monday, September 15th. Mizuho set a $118.00 target price on Prologis and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Bank of America upgraded Prologis from a "neutral" rating to a "buy" rating and increased their target price for the company from $118.00 to $130.00 in a research note on Tuesday, September 16th. Scotiabank set a $114.00 price objective on Prologis and gave the company a "sector perform" rating in a research note on Wednesday, August 27th. Finally, Citigroup lowered their price objective on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Prologis has an average rating of "Moderate Buy" and a consensus price target of $122.58.

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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