Signature Estate & Investment Advisors LLC Has $10.30 Million Stake in Prologis, Inc. $PLD

Key Points

• Signature Estate & Investment Advisors LLC reduced its stake in Prologis, Inc. by 52.5%, selling 101,754 shares and now holding 92,157 shares valued at approximately $10.3 million.
• Several institutional investors, such as Activest Wealth Management and Saudi Central Bank, made significant changes to their positions, with 93.5% of Prologis stock owned by hedge funds and institutional investors.
• Prologis announced a quarterly dividend of $1.01 per share, set to be paid on September 30th, representing a 3.6% yield based on an annualized dividend of $4.04.

Signature Estate & Investment Advisors LLC reduced its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 52.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,157 shares of the real estate investment trust's stock after selling 101,754 shares during the period. Signature Estate & Investment Advisors LLC's holdings in Prologis were worth $10,302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. Activest Wealth Management grew its holdings 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 valued at $29,000 after acquiring an additional 223 shares in the last quarter. REAP Financial Group LLC boosted its position in Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 84 shares during the last quarter. Pandora Wealth Inc. bought a new position in Prologis in the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. bought a new position in Prologis in the first quarter valued at approximately $34,000. Finally, Saudi Central Bank acquired a new position in shares of Prologis during the 1st quarter worth approximately $41,000. 93.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PLD shares. Citigroup cut their price objective on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. UBS Group increased their price target on shares of Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Finally, Scotiabank set a $114.00 target price on shares of Prologis and gave the company a "sector perform" rating in a research note on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $121.83.

Prologis Stock Performance

NYSE:PLD traded up $0.66 during mid-day trading on Friday, hitting $115.48. 3,363,682 shares of the stock were exchanged, compared to its average volume of 4,373,874. The firm's 50-day simple moving average is $109.03 and its 200 day simple moving average is $108.10. The stock has a market capitalization of $107.20 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.39. 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 (NYSE:PLD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $2.03 billion. During the same quarter last year, the business earned $1.34 EPS. The company'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. As a group, equities analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $1.01 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $4.04 annualized dividend and a yield of 3.5%. Prologis's payout ratio is 109.49%.

Insider Activity

In other news, CAO Lori A. Palazzolo sold 25,000 shares of Prologis 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 completion of the sale, the chief accounting officer directly owned 414 shares in the company, valued at approximately $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $111,000.00. Following the sale, the director directly owned 9,829 shares in the company, valued at $1,091,019. This represents a 9.23% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

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.