Prologis, Inc. $PLD Shares Purchased by Ethic Inc.

Key Points

• Ethic Inc. increased its holdings in Prologis, Inc. by 2.3% during Q2, owning 94,484 shares worth nearly $10 million.
• Prologis reported a quarterly EPS of $1.49, exceeding estimates, and set FY 2025 guidance between $5.780 - $5.810.
• Analysts have a consensus rating of "Moderate Buy" for Prologis, with an average price target of $124.44.

Ethic Inc. increased its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,484 shares of the real estate investment trust's stock after acquiring an additional 2,099 shares during the period. Ethic Inc.'s holdings in Prologis were worth $9,979,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Stratos Wealth Partners LTD. lifted its holdings in shares of Prologis by 0.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust's stock valued at $1,438,000 after buying an additional 93 shares during the last quarter. Michael S. Ryan Inc. lifted its holdings in shares of Prologis by 2.9% during the 2nd quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust's stock valued at $348,000 after buying an additional 94 shares during the last quarter. LaSalle St. Investment Advisors LLC lifted its holdings in shares of Prologis by 3.7% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust's stock valued at $300,000 after buying an additional 96 shares during the last quarter. Van Hulzen Asset Management LLC lifted its holdings in shares of Prologis by 5.6% during the 1st quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust's stock valued at $201,000 after buying an additional 96 shares during the last quarter. Finally, Sandler Capital Management lifted its holdings in shares of Prologis by 5.3% during the 1st quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust's stock valued at $224,000 after buying an additional 100 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on PLD shares. UBS Group set a $137.00 price objective on Prologis and gave the company a "buy" rating in a research note on Tuesday. Evercore ISI raised their price objective on Prologis from $113.00 to $116.00 and gave the company an "in-line" rating in a research note on Thursday, October 16th. Bank of America raised Prologis from a "neutral" rating to a "buy" rating and raised their price objective for the company from $118.00 to $130.00 in a research note on Tuesday, September 16th. Weiss Ratings reissued a "hold (c)" rating on shares of Prologis in a research note on Wednesday, October 8th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $124.44.

Prologis Stock Performance

Shares of NYSE PLD opened at $125.91 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.20 and a debt-to-equity ratio of 0.62. The business's 50 day moving average is $114.40 and its two-hundred day moving average is $108.52. The company has a market cap of $116.93 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.20 and a beta of 1.28. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $127.50.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, topping the consensus estimate 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%.The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, equities analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

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

Insider Buying and Selling

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the business's 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 sale, the chief accounting officer directly owned 414 shares in the company, valued at approximately $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Cristina Gabriela Bita sold 500 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $115.69, for a total value of $57,845.00. Following the sale, the director owned 9,329 shares in the company, valued at approximately $1,079,272.01. This represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 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.

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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