Prologis, Inc. $PLD Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in Prologis, Inc. by 3.6%, selling 146,003 shares and holding approximately 3,956,883 shares valued at $442 million as of the latest SEC filing.
• Prologis reported a quarterly earnings per share (EPS) of $1.46, exceeding analysts' expectations, with revenue of $2.03 billion reflecting an 8.8% year-over-year increase.
• A recent dividend of $1.01 has been declared to be paid on September 30th, representing an annualized yield of 3.6% with a payout ratio of 109.49%.

Amundi cut its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,956,883 shares of the real estate investment trust's stock after selling 146,003 shares during the period. Amundi owned approximately 0.43% of Prologis worth $442,340,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Prologis by 0.7% in 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 acquiring an additional 869,310 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Prologis in the first quarter worth approximately $1,456,768,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Prologis by 5.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,648,872 shares of the real estate investment trust's stock worth $1,125,586,000 after acquiring an additional 505,318 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Prologis by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,495,932 shares of the real estate investment trust's stock worth $1,173,340,000 after acquiring an additional 93,201 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Prologis by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust's stock worth $1,113,994,000 after acquiring an additional 1,146,454 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction on Tuesday, August 26th. The shares were 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 in the company, valued at approximately $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.57% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on PLD shares. Wall Street Zen lowered shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the company an "overweight" rating in a report on Sunday, July 13th. 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. Citigroup cut their price target 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. Finally, UBS Group raised their price target on shares of Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Two 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.83.

Prologis Trading Down 0.1%

PLD opened at $111.15 on Thursday. The firm has a market capitalization of $103.18 billion, a P/E ratio of 30.12, a P/E/G ratio of 2.85 and a beta of 1.26. The firm's 50 day moving average is $108.23 and its 200-day moving average is $108.43. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.05. The company had revenue of $2.03 billion for 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 business's quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared 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. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 16th. Prologis's payout ratio is 109.49%.

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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