NFJ Investment Group LLC Boosts Stock Position in Prologis, Inc. $PLD

Key Points

• NFJ Investment Group LLC significantly increased its stake in Prologis, Inc. by 295.5%, now holding 568,984 shares, which make up 2.1% of its investment portfolio.
• Prologis announced a quarterly dividend of $1.01 per share, reflecting an annualized payout of $4.04 and a yield of 3.6%, despite a dividend payout ratio of 109.49%.
• Wall Street analysts have varied price targets for Prologis, with a consensus target of $121.83 and an average rating of "Moderate Buy."

NFJ Investment Group LLC grew its position in Prologis, Inc. (NYSE:PLD - Free Report) by 295.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 568,984 shares of the real estate investment trust's stock after acquiring an additional 425,136 shares during the quarter. Prologis accounts for 2.1% of NFJ Investment Group LLC's portfolio, making the stock its 4th biggest holding. NFJ Investment Group LLC owned approximately 0.06% of Prologis worth $63,607,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management increased its stake in Prologis by 637.1% in 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 last quarter. REAP Financial Group LLC increased its stake in Prologis by 40.0% in the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 84 shares during the last quarter. Pandora Wealth Inc. bought a new stake in Prologis in the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. bought a new stake in Prologis in the 1st quarter worth approximately $34,000. Finally, Saudi Central Bank purchased a new position in shares of Prologis in the 1st quarter worth approximately $41,000. Institutional investors own 93.50% of the company's stock.

Insider Buying and Selling at Prologis

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the transaction, the chief accounting officer owned 414 shares of the company's stock, valued at approximately $46,090.62. This represents a 98.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cristina Gabriela Bita sold 1,000 shares of the 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 transaction, the director directly 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. Corporate insiders own 0.57% of the company's stock.

Prologis Trading Up 0.8%

Prologis stock traded up $0.96 during mid-day trading on Friday, hitting $113.57. The company's stock had a trading volume of 2,595,695 shares, compared to its average volume of 2,813,695. The company has a 50 day moving average of $108.56 and a 200-day moving average of $108.14. The stock has a market cap of $105.42 billion, a PE ratio of 30.78, a P/E/G ratio of 2.85 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, Inc. has a one year low of $85.35 and a one year high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.Prologis's quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PLD shares. Wall Street Zen downgraded Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Scotiabank set a $114.00 target price on Prologis and gave the company a "sector perform" rating in a research report on Wednesday, August 27th. Wells Fargo & Company set a $137.00 target price on Prologis and gave the company an "overweight" rating in a research report on Sunday, July 13th. UBS Group boosted their target price on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Mizuho set a $118.00 target price on Prologis and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Two equities research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $121.83.

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.