Stephens Inc. AR Has $4.81 Million Holdings in Prologis, Inc. $PLD

Key Points

• Stephens Inc. AR reduced its holdings in Prologis, Inc. by 17.5% in Q2, owning 45,772 shares valued at approximately $4.81 million after selling 9,704 shares.
• Analysts provide a consensus rating of "Moderate Buy" for Prologis, with an average target price of $124.44, indicating expected growth despite mixed price target adjustments from various firms.
• Prologis announced a quarterly dividend of $1.01, with a dividend yield of 3.2%, although its payout ratio currently exceeds 100%, raising concerns about sustainability.

Stephens Inc. AR reduced its position in Prologis, Inc. (NYSE:PLD - Free Report) by 17.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,772 shares of the real estate investment trust's stock after selling 9,704 shares during the period. Stephens Inc. AR's holdings in Prologis were worth $4,812,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Alley Investment Management Company LLC increased its position in Prologis by 102.8% in the 1st quarter. Alley Investment Management Company LLC now owns 108,335 shares of the real estate investment trust's stock worth $12,111,000 after purchasing an additional 54,914 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Prologis during the 1st quarter worth about $2,120,000. Truist Financial Corp boosted its stake in shares of Prologis by 9.3% during the 1st quarter. Truist Financial Corp now owns 297,270 shares of the real estate investment trust's stock worth $33,232,000 after acquiring an additional 25,229 shares in the last quarter. Ally Financial Inc. boosted its stake in shares of Prologis by 16.7% during the 1st quarter. Ally Financial Inc. now owns 28,000 shares of the real estate investment trust's stock worth $3,130,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Prologis by 2.2% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 297,426 shares of the real estate investment trust's stock worth $33,249,000 after acquiring an additional 6,350 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PLD shares. Barclays decreased their price target on Prologis from $119.00 to $118.00 and set an "overweight" rating for the company in a research note on Monday, September 15th. BMO Capital Markets upgraded Prologis from an "underperform" rating to a "market perform" rating and set a $119.00 price target for the company in a research note on Monday. Citigroup decreased their target price on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Scotiabank set a $114.00 target price on Prologis and gave the company a "sector perform" rating in a research note on Wednesday, August 27th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Prologis in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Prologis presently has a consensus rating of "Moderate Buy" and an average target price of $124.44.

Insider Buying and Selling

In related news, Director Cristina Gabriela Bita sold 1,000 shares of the firm's stock in a transaction 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 sale, the director directly owned 9,829 shares of the company's stock, valued at $1,091,019. This trade represents a 9.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the firm's 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 directly owned 414 shares of the company's stock, valued at $46,090.62. This represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,500 shares of company stock valued at $2,952,095. 0.57% of the stock is currently owned by insiders.

Prologis Price Performance

Shares of PLD stock opened at $126.11 on Wednesday. The stock has a 50 day moving average of $114.01 and a two-hundred day moving average of $108.40. The company has a current ratio of 0.20, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $127.50. The company has a market capitalization of $117.11 billion, a P/E ratio of 36.77, a P/E/G ratio of 3.20 and a beta of 1.28.

Prologis (NYSE:PLD - Get Free Report) last issued its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.05. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the prior year, the firm posted $1.43 EPS. Prologis's quarterly revenue was up 8.6% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. As a group, equities analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. Prologis's dividend payout ratio is presently 117.78%.

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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