Prologis, Inc. $PLD Shares Sold by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd sold 32,956 shares of Prologis, Inc., reducing its position by 9.2% in Q2, leaving it with 324,970 shares valued at $34.16 million.
• Insider transactions included CAO Lori A. Palazzolo selling 25,000 shares, representing a 98.37% decrease in her ownership, while Director Cristina Gabriela Bita sold 1,000 shares, reducing her holding by 9.23%.
• Prologis announced a quarterly dividend of $1.01, set to be paid on September 30th, translating to an annual yield of 3.5% with a payout ratio of 109.49%.

IFM Investors Pty Ltd decreased its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 324,970 shares of the real estate investment trust's stock after selling 32,956 shares during the quarter. IFM Investors Pty Ltd's holdings in Prologis were worth $34,161,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management increased its position 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. REAP Financial Group LLC increased its position in shares of Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 84 shares in the last quarter. Pandora Wealth Inc. purchased a new position in shares of Prologis in the first quarter valued at $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.

Prologis Price Performance

PLD stock traded down $1.69 during trading on Friday, hitting $113.47. The stock had a trading volume of 8,647,790 shares, compared to its average volume of 3,170,153. The company's 50 day moving average price is $109.85 and its two-hundred day moving average price is $107.63. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $127.93. The stock has a market cap of $105.33 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 2.87 and a beta of 1.26. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.05. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company posted $1.34 EPS. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, sell-side analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Prologis's dividend payout ratio (DPR) is presently 109.49%.

Insider Transactions at Prologis

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the firm'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 sale, the chief accounting officer directly owned 414 shares of the company's stock, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total value of $111,000.00. Following the completion of the sale, the director directly owned 9,829 shares in the company, valued at approximately $1,091,019. The trade was 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 currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PLD shares. Mizuho set a $118.00 price target on Prologis and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Citigroup dropped their price target on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Bank of America upgraded Prologis from a "neutral" rating to a "buy" rating and raised their price target for the company from $118.00 to $130.00 in a research report on Tuesday. Scotiabank set a $114.00 price objective on Prologis and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Finally, Wells Fargo & Company set a $137.00 target price on shares of Prologis and gave the company an "overweight" rating in a research note on Sunday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $122.58.

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.