Prologis, Inc. $PLD Shares Sold by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp significantly reduced its stake in Prologis, Inc. by 72.7%, selling 70,694 shares during the first quarter, leaving them with 26,536 shares valued at approximately $2.97 million.
• A number of institutional investors, including Nuveen LLC and Valeo Financial Advisors LLC, have made substantial investments in Prologis, illustrating strong interest in the stock, which is now predominantly held by hedge funds and institutional investors (93.50%).
• Prologis announced a quarterly dividend of $1.01 per share with a yield of 3.6%, while the company's earnings report indicated a year-over-year revenue increase of 8.8%.

Jones Financial Companies Lllp cut its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 72.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,536 shares of the real estate investment trust's stock after selling 70,694 shares during the quarter. Jones Financial Companies Lllp's holdings in Prologis were worth $2,966,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Prologis in the first quarter valued at $1,456,768,000. Valeo Financial Advisors LLC increased its holdings in Prologis by 282.5% during 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Prologis by 83.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,779,830 shares of the real estate investment trust's stock valued at $399,528,000 after acquiring an additional 1,723,129 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Prologis during the fourth quarter worth about $163,970,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Prologis by 5,678.8% in the first quarter. SG Americas Securities LLC now owns 1,436,773 shares of the real estate investment trust's stock valued at $160,617,000 after purchasing an additional 1,411,910 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Mizuho set a $118.00 price target on Prologis and gave the stock an "outperform" rating in a report on Tuesday, August 19th. UBS Group upped their price objective on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Citigroup dropped their price objective on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. 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 equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.83.

Insiders Place Their Bets

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the completion of the sale, the chief accounting officer directly owned 414 shares of the company's stock, valued at $46,090.62. The trade was a 98.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cristina Gabriela Bita sold 1,000 shares of the company's stock in a transaction 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 sale, the director owned 9,829 shares of the company's stock, 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 owned by company insiders.

Prologis Stock Performance

NYSE PLD opened at $111.02 on Thursday. The business's 50-day moving average price is $108.89 and its 200 day moving average price is $108.13. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.39. The company has a market capitalization of $103.05 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 2.81 and a beta of 1.26.

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

Prologis Announces Dividend

The business 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 dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.6%. Prologis's dividend payout ratio (DPR) is currently 109.49%.

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.

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