Prologis, Inc. $PLD Stock Position Raised by First Pacific Financial

Key Points

• First Pacific Financial significantly increased its stake in Prologis by 5,716.0% in Q2, now holding 17,855 shares valued at approximately $1.88 million.
• Prologis reported an EPS of $1.46 for the last quarter, surpassing analysts' expectations of $1.41, and has set FY 2025 guidance at 5.750-5.800 EPS.
• The company announced a $1.01 quarterly dividend with a yield of 3.5%, reflecting a payout ratio of 109.49%.

First Pacific Financial grew its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 5,716.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,855 shares of the real estate investment trust's stock after purchasing an additional 17,548 shares during the quarter. First Pacific Financial's holdings in Prologis were worth $1,877,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock valued at $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Prologis by 9.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 50,754 shares of the real estate investment trust's stock valued at $5,365,000 after acquiring an additional 4,544 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Prologis by 16.1% in the first quarter. AdvisorNet Financial Inc now owns 878 shares of the real estate investment trust's stock valued at $98,000 after acquiring an additional 122 shares during the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of Prologis during the 1st quarter worth about $309,000. Finally, NBC Securities Inc. increased its position in Prologis by 123,350.0% during the first quarter. NBC Securities Inc. now owns 2,469 shares of the real estate investment trust's stock worth $276,000 after acquiring an additional 2,467 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Scotiabank set a $114.00 price target on shares of Prologis and gave the company a "sector perform" rating in a report on Wednesday, August 27th. Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the stock an "overweight" rating in a research report on Sunday, July 13th. Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Bank of America upgraded shares of Prologis from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $118.00 to $130.00 in a report on Tuesday, September 16th. Finally, Citigroup reduced their target price on shares of Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $122.58.

Prologis Stock Performance

NYSE:PLD opened at $114.50 on Wednesday. The stock has a market cap of $106.29 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 2.89 and a beta of 1.26. The firm's fifty day simple moving average is $110.64 and its 200 day simple moving average is $107.52. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $127.65. 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 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $2.03 billion. During the same quarter in the previous year, the business posted $1.34 EPS. The company's quarterly revenue was up 8.8% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, research analysts predict that Prologis, Inc. will post 5.73 EPS for the current 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 issued a $1.01 dividend. 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 109.49%.

Insiders Place Their Bets

In other news, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction 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 completion of the sale, the director directly owned 9,829 shares in the company, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief accounting officer 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 disclosure for this sale can be found here. Company insiders own 0.57% of the company's stock.

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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