Prologis, Inc. $PLD Shares Sold by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC reduced its stake in Prologis, Inc. by 9.1% during the second quarter, now holding 70,238 shares valued at approximately $7.39 million.
• Prologis reported an earnings per share (EPS) of $1.46 for the last quarter, exceeding estimates, with revenue increasing 8.8% year-over-year to $2.03 billion.
• The company recently announced a quarterly dividend of $1.01 per share, reflecting an annualized yield of 3.6% and a dividend payout ratio of 109.49%.

Vanguard Personalized Indexing Management LLC trimmed its position in Prologis, Inc. (NYSE:PLD - Free Report) by 9.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,238 shares of the real estate investment trust's stock after selling 7,058 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Prologis were worth $7,394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Activest Wealth Management boosted its holdings in Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 223 shares during the last quarter. Pandora Wealth Inc. acquired a new position in Prologis in the 1st quarter valued at about $34,000. GKV Capital Management Co. Inc. acquired a new position in Prologis in the 1st quarter valued at about $34,000. Saudi Central Bank acquired a new position in Prologis in the 1st quarter valued at about $41,000. Finally, Olde Wealth Management LLC acquired a new position in Prologis in the 1st quarter valued at about $43,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of PLD opened at $111.29 on Monday. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $127.65. The firm's 50 day moving average price is $111.79 and its 200 day moving average price is $107.73. The company has a market cap of $103.35 billion, a P/E ratio of 30.16, a PEG ratio of 2.81 and a beta of 1.28. 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 announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm earned $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, research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis's dividend payout ratio is presently 109.49%.

Insider Activity at Prologis

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief accounting officer owned 414 shares in the company, valued at $46,090.62. The trade was a 98.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cristina Gabriela Bita sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total transaction of $111,000.00. Following the transaction, the director owned 9,829 shares of the company's stock, valued at $1,091,019. This trade represents a 9.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,500 shares of company stock valued at $2,952,095 in the last quarter. 0.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Prologis from $119.00 to $118.00 and set an "overweight" rating on the stock in a research note on Monday, September 15th. Citigroup reduced their price target on shares of Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. UBS Group boosted their price target on shares of Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Evercore ISI boosted their price target on shares of Prologis from $111.00 to $113.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Prologis in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $122.58.

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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