Trust Co. of Vermont Purchases 11,968 Shares of Prologis, Inc. $PLD

Key Points

• Trust Co. of Vermont increased its holdings in Prologis, Inc. by 29.7%, acquiring an additional 11,968 shares during the second quarter, bringing their total ownership to 52,198 shares valued at approximately $5.49 million.
• Prologis recently announced a $1.01 quarterly dividend, resulting in an annualized payout of $4.04 and a dividend yield of 3.5%, despite a payout ratio of 109.49%.
• Equities analysts have varied opinions on Prologis, with price targets ranging from $113.00 to $140.00 and a consensus rating of "Moderate Buy" according to recent reports.

Trust Co. of Vermont raised its position in Prologis, Inc. (NYSE:PLD - Free Report) by 29.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,198 shares of the real estate investment trust's stock after buying an additional 11,968 shares during the quarter. Trust Co. of Vermont's holdings in Prologis were worth $5,487,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PLD. Vanguard Group Inc. grew its position in shares of Prologis by 0.7% in the first quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust's stock valued at $13,564,533,000 after purchasing an additional 869,310 shares in the last quarter. Nuveen LLC purchased a new position in shares of Prologis in the first quarter valued at $1,456,768,000. Charles Schwab Investment Management Inc. grew its position in shares of Prologis by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,495,932 shares of the real estate investment trust's stock valued at $1,173,340,000 after purchasing an additional 93,201 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Prologis by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust's stock valued at $1,113,994,000 after purchasing an additional 1,146,454 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Prologis by 7.0% in the first quarter. Goldman Sachs Group Inc. now owns 7,790,241 shares of the real estate investment trust's stock valued at $870,871,000 after purchasing an additional 507,367 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Insider Transactions at Prologis

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 value of $2,783,250.00. Following the completion of the sale, the chief accounting officer owned 414 shares of the company's stock, valued at approximately $46,090.62. The trade was a 98.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Cristina Gabriela Bita sold 1,000 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the completion of the sale, the director directly owned 9,829 shares of the company's stock, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.57% of the company's stock.

Prologis Trading Up 0.2%

Shares of PLD stock opened at $114.50 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $110.64 and a two-hundred day moving average price of $107.52. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $127.65. The firm has a market cap of $106.29 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 2.89 and a beta of 1.26.

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 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 during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company's 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. Equities analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal 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 paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis's payout ratio is 109.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Evercore ISI lifted their price target on Prologis from $111.00 to $113.00 and gave the company an "in-line" rating in a research report on Monday, September 15th. Wall Street Zen cut Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Bank of America upgraded Prologis from a "neutral" rating to a "buy" rating and lifted their price target for the company from $118.00 to $130.00 in a research report on Tuesday, September 16th. Citigroup reduced their price target on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, Scotiabank set a $114.00 target price 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 assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.58.

About Prologis

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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