Quintet Private Bank Europe S.A. Grows Holdings in Prologis, Inc. $PLD

Key Points

• Quintet Private Bank Europe S.A. increased its holdings in Prologis, Inc. (PLD) by 28.3% during the second quarter, owning 15,023 shares valued at $1,579,000 after buying an additional 3,318 shares.
• Prologis has a quarterly dividend of $1.01 per share, which results in an annualized yield of 3.5%, though its dividend payout ratio is high at 109.49%.
• Analysts have set varying price targets for Prologis, with Wells Fargo & Company suggesting a target of $137.00 and UBS Group raising theirs to $120.00, reflecting a consensus rating of "Moderate Buy."

Quintet Private Bank Europe S.A. raised its position in Prologis, Inc. (NYSE:PLD - Free Report) by 28.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,023 shares of the real estate investment trust's stock after purchasing an additional 3,318 shares during the period. Quintet Private Bank Europe S.A.'s holdings in Prologis were worth $1,579,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PLD. Brighton Jones LLC lifted its holdings in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock worth $1,847,000 after acquiring an additional 15,078 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of Prologis during the 4th quarter worth about $387,000. Toronto Dominion Bank lifted its holdings in shares of Prologis by 8.2% during the 4th quarter. Toronto Dominion Bank now owns 498,725 shares of the real estate investment trust's stock worth $52,715,000 after acquiring an additional 37,661 shares during the period. Strategic Wealth Partners Ltd. lifted its holdings in shares of Prologis by 21.7% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 82,149 shares of the real estate investment trust's stock worth $8,683,000 after acquiring an additional 14,637 shares during the period. Finally, TrinityPoint Wealth LLC lifted its holdings in shares of Prologis by 9.1% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,930 shares of the real estate investment trust's stock worth $415,000 after acquiring an additional 328 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Prologis

In other news, Director Cristina Gabriela Bita sold 1,000 shares of the 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 completion of the transaction, the director directly owned 9,829 shares in the company, valued at approximately $1,091,019. This represents a 9.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were 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 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. Corporate insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PLD shares. Wall Street Zen lowered shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Wells Fargo & Company set a $137.00 price objective on shares of Prologis and gave the stock an "overweight" rating in a report on Sunday, July 13th. Mizuho set a $118.00 target price on shares of Prologis and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Citigroup dropped their target price on shares of Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, UBS Group increased their target price on shares of Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $121.83.

Prologis Stock Up 0.6%

Shares of NYSE:PLD opened at $115.48 on Monday. 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, Inc. has a 52-week low of $85.35 and a 52-week high of $132.39. The company has a 50 day moving average of $109.18 and a two-hundred day moving average of $107.84. The company has a market capitalization of $107.20 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 2.89 and a beta of 1.26.

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 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 company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the company earned $1.34 earnings per share. Prologis'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. As a group, analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $4.04 annualized dividend and a yield of 3.5%. Prologis's dividend payout ratio (DPR) is 109.49%.

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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