Prologis, Inc. $PLD Shares Purchased by Schnieders Capital Management LLC

Key Points

• Schnieders Capital Management LLC increased its stake in Prologis, Inc. by 45.4%, acquiring a total of 10,728 shares valued at approximately $1,128,000 after buying an additional 3,350 shares.
• Prologis recently reported quarterly earnings of $1.49 per share, surpassing analysts' expectations of $1.44, alongside a revenue increase of 8.6% year-over-year to $2.05 billion.
• The firm declared a quarterly dividend of $1.01 per share, reflecting a 3.3% yield, while the dividend payout ratio stands at 117.78%.

Schnieders Capital Management LLC raised its position in Prologis, Inc. (NYSE:PLD - Free Report) by 45.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,728 shares of the real estate investment trust's stock after purchasing an additional 3,350 shares during the period. Schnieders Capital Management LLC's holdings in Prologis were worth $1,128,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC purchased a new position in shares of Prologis during the first quarter valued at approximately $1,456,768,000. Valeo Financial Advisors LLC raised its holdings in Prologis by 282.5% in the 1st quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust's stock valued at $433,229,000 after acquiring an additional 2,862,183 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Prologis by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust's stock valued at $1,113,994,000 after acquiring an additional 1,146,454 shares during the last quarter. Strs Ohio purchased a new position in shares of Prologis during the 1st quarter worth $98,308,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Prologis by 0.7% during the first quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust's stock worth $13,564,533,000 after purchasing an additional 869,310 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Up 2.6%

Shares of NYSE:PLD opened at $124.27 on Monday. The stock has a 50-day simple moving average of $113.12 and a 200-day simple moving average of $108.07. The stock has a market capitalization of $115.40 billion, a P/E ratio of 36.23, a PEG ratio of 3.13 and a beta of 1.28. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $125.04. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.20.

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

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis's dividend payout ratio is 117.78%.

Insider Buying and Selling at Prologis

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cristina Gabriela Bita sold 500 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $115.69, for a total value of $57,845.00. Following the completion of the sale, the director owned 9,329 shares of the company's stock, valued at approximately $1,079,272.01. This trade represents a 5.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,500 shares of company stock valued at $2,952,095. 0.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PLD. Bank of America upgraded Prologis from a "neutral" rating to a "buy" rating and upped their target price for the company from $118.00 to $130.00 in a research note on Tuesday, September 16th. Mizuho set a $118.00 price objective on shares of Prologis and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Citigroup cut their price objective on shares of Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Barclays lowered their target price on shares of Prologis from $119.00 to $118.00 and set an "overweight" rating for the company in a report on Monday, September 15th. Finally, Evercore ISI increased their price target on shares of Prologis from $113.00 to $116.00 and gave the stock an "in-line" rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $122.74.

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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