Robeco Institutional Asset Management B.V. Reduces Stock Position in Prologis, Inc. $PLD

Key Points

• Robeco Institutional Asset Management B.V. sold 238,184 shares of Prologis, Inc., reducing its holdings by 36% to 424,119 shares, valued at approximately $44.58 million.
• Insider transactions included the sale of 25,000 shares by CAO Lori A. Palazzolo, marking a 98.37% decrease in her position, while Director Cristina Gabriela Bita sold 1,000 shares, reducing her stake by 9.23%.
• Prologis announced a quarterly dividend of $1.01, with a dividend yield of 3.5%, although it has a payout ratio of 109.49%, indicating it pays out more in dividends than its earnings.

Robeco Institutional Asset Management B.V. decreased its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 36.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 424,119 shares of the real estate investment trust's stock after selling 238,184 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Prologis were worth $44,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its holdings 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 during the last quarter. NBC Securities Inc. grew its stake in Prologis by 123,350.0% in the 1st quarter. NBC Securities Inc. now owns 2,469 shares of the real estate investment trust's stock valued at $276,000 after acquiring an additional 2,467 shares during the last quarter. Merit Financial Group LLC grew its stake in Prologis by 37.4% in the 1st quarter. Merit Financial Group LLC now owns 13,538 shares of the real estate investment trust's stock valued at $1,513,000 after acquiring an additional 3,687 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Prologis by 37.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 11,881 shares of the real estate investment trust's stock valued at $1,328,000 after acquiring an additional 3,250 shares in the last quarter. Finally, E. Ohman J or Asset Management AB raised its position in Prologis by 19.4% during the first quarter. E. Ohman J or Asset Management AB now owns 323,855 shares of the real estate investment trust's stock worth $36,204,000 after acquiring an additional 52,654 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Insider Activity

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the business's stock in a transaction dated 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 sale, the chief accounting officer owned 414 shares in the company, valued at approximately $46,090.62. The trade was a 98.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cristina Gabriela Bita sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total transaction of $111,000.00. Following the completion of the transaction, the director 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. Insiders sold a total of 26,500 shares of company stock worth $2,952,095 over the last ninety days. Corporate insiders own 0.57% of the company's stock.

Prologis Price Performance

Shares of NYSE:PLD opened at $117.09 on Friday. The company has a market cap of $108.69 billion, a P/E ratio of 31.73, a P/E/G ratio of 2.93 and a beta of 1.28. The business has a fifty day simple moving average of $111.03 and a 200-day simple moving average of $107.63. Prologis, Inc. has a 52 week low of $85.35 and a 52 week 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 issued its quarterly 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 firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned $1.34 EPS. The firm'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. Equities research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis's payout ratio is currently 109.49%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Mizuho set a $118.00 price target on shares of Prologis and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Bank of America upgraded Prologis from a "neutral" rating to a "buy" rating and increased their target price for the company from $118.00 to $130.00 in a report on Tuesday, September 16th. Barclays cut their price target on Prologis from $119.00 to $118.00 and set an "overweight" rating for the company in a report on Monday, September 15th. Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Finally, Scotiabank set a $114.00 price objective on Prologis and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $122.58.

Prologis Company 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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