Prologis, Inc. $PLD Stock Holdings Increased by Cardano Risk Management B.V.

Key Points

• Cardano Risk Management B.V. increased its stake in Prologis, Inc. by 6.3% during Q2, now holding approximately 963,891 shares worth over $101 million.
• Prologis reported $1.46 EPS for the last quarter, exceeding analysts' expectations, with an annual revenue growth of 8.8%.
• The company's recent dividend of $1.01 per share represents an annualized yield of 3.5%, although its dividend payout ratio is currently high at 109.49%.

Cardano Risk Management B.V. lifted its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 6.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 963,891 shares of the real estate investment trust's stock after purchasing an additional 57,455 shares during the quarter. Prologis accounts for 1.3% of Cardano Risk Management B.V.'s portfolio, making the stock its 23rd largest position. Cardano Risk Management B.V. owned about 0.10% of Prologis worth $101,324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Commerzbank Aktiengesellschaft FI raised its position in Prologis by 13.2% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 45,335 shares of the real estate investment trust's stock valued at $4,766,000 after acquiring an additional 5,269 shares in the last quarter. Coordinated Financial Services Inc. bought a new position in Prologis during the second quarter valued at approximately $389,000. IFP Advisors Inc raised its position in Prologis by 3.5% during the second quarter. IFP Advisors Inc now owns 4,432 shares of the real estate investment trust's stock valued at $466,000 after acquiring an additional 150 shares in the last quarter. Baldwin Wealth Partners LLC MA raised its position in Prologis by 0.6% during the second quarter. Baldwin Wealth Partners LLC MA now owns 87,990 shares of the real estate investment trust's stock valued at $9,249,000 after acquiring an additional 560 shares in the last quarter. Finally, Callan Family Office LLC raised its position in Prologis by 316.9% during the second quarter. Callan Family Office LLC now owns 16,895 shares of the real estate investment trust's stock valued at $1,776,000 after acquiring an additional 12,842 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Prologis Stock Down 1.4%

PLD opened at $114.40 on Friday. The company has a market capitalization of $106.24 billion, a P/E ratio of 31.00, a P/E/G ratio of 2.93 and a beta of 1.28. The firm's fifty day moving average price is $111.66 and its two-hundred day moving average price is $107.77. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $127.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business's revenue was up 8.8% on a year-over-year basis. During the same period last year, the business earned $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.5%. Prologis's dividend payout ratio (DPR) is presently 109.49%.

Insiders Place Their Bets

In other Prologis 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 transaction of $2,783,250.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the director directly 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. Over the last three months, insiders have sold 26,500 shares of company stock valued at $2,952,095. Company insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays dropped their price target on shares of Prologis from $119.00 to $118.00 and set an "overweight" rating on the stock in a research report on Monday, September 15th. Bank of America upgraded shares of Prologis from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $118.00 to $130.00 in a research note on Tuesday, September 16th. Evercore ISI raised their price objective on shares of Prologis from $111.00 to $113.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Finally, UBS Group lifted their price target on shares of Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $122.58.

Prologis 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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