San Luis Wealth Advisors LLC Buys Shares of 6,339 Prologis, Inc. $PLD

Key Points

• San Luis Wealth Advisors LLC has acquired 6,339 shares of Prologis, Inc., valued at approximately $666,000, marking a new position as reported in their Form 13F filing with the SEC.
• Prologis recently declared a $1.01 quarterly dividend, with a dividend yield of 3.5% and an annualized payout of $4.04, despite a payout ratio of 109.49%.
• The company reported earnings of $1.46 per share for the last quarter, surpassing expectations and showcasing an 8.8% year-over-year revenue growth.

San Luis Wealth Advisors LLC purchased a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,339 shares of the real estate investment trust's stock, valued at approximately $666,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLD. Activest Wealth Management lifted its holdings in 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 purchasing an additional 223 shares during the last quarter. Pandora Wealth Inc. acquired a new position in Prologis in the 1st quarter valued at $34,000. GKV Capital Management Co. Inc. bought a new stake in Prologis during the 1st quarter worth $34,000. Saudi Central Bank bought a new stake in Prologis during the 1st quarter worth approximately $41,000. Finally, Olde Wealth Management LLC purchased a new stake in shares of Prologis in the first quarter worth $43,000. 93.50% of the stock is currently owned by institutional investors.

Insider Activity

In other news, 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 value of $111,000.00. Following the transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction 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 sale, the chief accounting officer owned 414 shares in the company, 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 currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on PLD. Scotiabank set a $114.00 price objective on shares of Prologis and gave the company a "sector perform" rating in a report on Wednesday, August 27th. Barclays decreased their price objective on shares of Prologis from $119.00 to $118.00 and set an "overweight" rating for the company in a report on Monday, September 15th. Wells Fargo & Company set a $137.00 target price on shares of Prologis and gave the company an "overweight" rating in a research note on Sunday, July 13th. Evercore ISI raised their target price on Prologis from $111.00 to $113.00 and gave the company an "in-line" rating in a research report on Monday, September 15th. Finally, Mizuho set a $118.00 target price on Prologis and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Two 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, Prologis presently has a consensus rating of "Moderate Buy" and an average target price of $122.58.

Prologis Stock Up 0.9%

PLD stock opened at $114.27 on Friday. The company has a 50 day moving average price of $110.41 and a two-hundred day moving average price of $107.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65. Prologis, Inc. has a one year low of $85.35 and a one year high of $127.65. The stock has a market capitalization of $106.07 billion, a P/E ratio of 30.97, a PEG ratio of 2.88 and a beta of 1.26.

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 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 last year, the company posted $1.34 earnings per share. Prologis's 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, sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company 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. The ex-dividend date is Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.5%. Prologis's payout ratio 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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