Prologis, Inc. $PLD Shares Sold by UMB Bank n.a.

Key Points

• UMB Bank n.a. has significantly reduced its stake in Prologis, Inc. by 64.5%, now holding 41,228 shares valued at approximately $4.3 million.
• Recent analyst ratings for Prologis show a consensus rating of "Moderate Buy," with a target price averaging around $122.58, following varied adjustments from firms like Citigroup and UBS.
• Prologis has announced a quarterly dividend of $1.01 per share, equating to a 3.6% yield, with dividends expected to be paid out on September 30th.

UMB Bank n.a. trimmed its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 64.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,228 shares of the real estate investment trust's stock after selling 74,998 shares during the quarter. UMB Bank n.a.'s holdings in Prologis were worth $4,334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PLD. Activest Wealth Management lifted its position in Prologis by 637.1% during the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 223 shares during the period. REAP Financial Group LLC lifted its holdings in shares of Prologis by 40.0% in the 4th 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 during the period. Pandora Wealth Inc. acquired a new stake in shares of Prologis in the 1st quarter valued at approximately $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Prologis in the 1st quarter valued at approximately $34,000. Finally, Saudi Central Bank acquired a new stake in shares of Prologis in the 1st quarter valued at approximately $41,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on PLD. Citigroup reduced their price target on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. UBS Group raised their price target on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Barclays reduced their price target on Prologis from $119.00 to $118.00 and set an "overweight" rating for the company in a report on Monday, September 15th. Mizuho set a $118.00 price objective on Prologis and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Finally, Wall Street Zen downgraded Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Prologis presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.58.

Insider Buying and Selling at Prologis

In related news, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction on 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 transaction, the chief accounting officer owned 414 shares in the company, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the completion of the transaction, the director owned 9,829 shares in the company, valued at $1,091,019. The trade was a 9.23% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

Prologis Price Performance

PLD stock opened at $113.47 on Friday. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $127.93. The stock's fifty day simple moving average is $109.85 and its 200-day simple moving average is $107.63. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. The stock has a market capitalization 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.

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, topping the consensus estimate of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The business had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter last year, the firm earned $1.34 earnings per share. The business's revenue was up 8.8% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Equities research analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $1.01 per share. The ex-dividend date is Tuesday, September 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.6%. Prologis's dividend payout ratio (DPR) is 109.49%.

Prologis Company 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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