Signaturefd LLC Has $1.09 Million Holdings in Prologis, Inc. $PLD

Key Points

• Signaturefd LLC reduced its holdings in Prologis, Inc. by 25.9%, now owning $1.09 million worth of shares after selling 3,628 shares during the second quarter.
• Prologis recently announced a quarterly dividend of $1.01, which represents a 3.5% yield, with a payout ratio of 109.49%.
• Prologis reported an earnings per share (EPS) of $1.46 for the last quarter, exceeding estimates, while forecasting 5.73 EPS for the current fiscal year.

Signaturefd LLC cut its position in Prologis, Inc. (NYSE:PLD - Free Report) by 25.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,361 shares of the real estate investment trust's stock after selling 3,628 shares during the quarter. Signaturefd LLC's holdings in Prologis were worth $1,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management grew its stake in 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 buying an additional 223 shares during the last quarter. Pandora Wealth Inc. bought a new stake in Prologis in the 1st quarter valued at $34,000. GKV Capital Management Co. Inc. bought a new stake in Prologis in the 1st quarter valued at $34,000. Saudi Central Bank bought a new stake in Prologis in the 1st quarter valued at $41,000. Finally, Olde Wealth Management LLC bought a new stake in Prologis in the 1st quarter valued at $43,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the firm's stock in a transaction dated 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 owned 414 shares in the company, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of the firm's stock in a transaction dated 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 sale, the director owned 9,829 shares of the company's stock, valued at $1,091,019. The trade was a 9.23% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.57% of the company's stock.

Prologis Trading Up 0.9%

Shares of PLD stock opened at $114.27 on Monday. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $127.65. The company has a market capitalization of $106.07 billion, a P/E ratio of 30.97, a P/E/G ratio of 2.88 and a beta of 1.26. The firm has a 50-day moving average price of $110.41 and a 200 day moving average price of $107.46. 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 quarterly earnings results 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 firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm posted $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. Research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on PLD shares. Evercore ISI increased their price target on shares of Prologis from $111.00 to $113.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Citigroup reduced their price target on shares of Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. 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. Barclays reduced 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. Finally, Wall Street Zen downgraded shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Prologis presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.58.

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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