Prologis, Inc. $PLD Stock Position Increased by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its position in Prologis, Inc. by 4.1%, owning 95,788 shares worth approximately $10.75 million as of the latest SEC filings.
• Prologis declared a quarterly dividend of $1.01 per share, representing an annualized dividend of $4.04 and a dividend yield of 3.5%.
• Despite positive quarterly earnings results, researchers have mixed forecasts, with Citigroup cutting its target price for Prologis from $150 to $140 and analysts giving it a consensus rating of "Moderate Buy".

Focus Partners Wealth lifted its position in Prologis, Inc. (NYSE:PLD - Free Report) by 4.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,788 shares of the real estate investment trust's stock after buying an additional 3,743 shares during the period. Focus Partners Wealth's holdings in Prologis were worth $10,754,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Activest Wealth Management raised its stake in shares of 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 buying an additional 223 shares in the last quarter. REAP Financial Group LLC raised its position in shares of Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 84 shares during the period. Pandora Wealth Inc. acquired a new stake in shares of Prologis during the first quarter worth $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Prologis during the first quarter worth $34,000. Finally, Saudi Central Bank acquired a new stake in shares of Prologis during the first quarter worth $41,000. Institutional investors own 93.50% of the company's stock.

Prologis Price Performance

Shares of NYSE:PLD opened at $115.48 on Friday. The business has a 50 day moving average price of $109.18 and a 200 day moving average price of $107.95. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.39. The company has a market cap of $107.20 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 2.88 and a beta of 1.26. 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 issued its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the prior year, the firm posted $1.34 EPS. Prologis's quarterly revenue was up 8.8% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 16th. Prologis's dividend payout ratio (DPR) is currently 109.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Citigroup cut their target price on Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. UBS Group upped their price target on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Scotiabank set a $114.00 price target on Prologis and gave the company a "sector perform" rating in a research report on Wednesday, August 27th. Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Finally, Mizuho set a $118.00 price target on Prologis and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Two 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $121.83.

Insider Buying and Selling at Prologis

In related news, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction dated 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 of the company's stock, valued at $46,090.62. The trade was a 98.37% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

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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