UniSuper Management Pty Ltd Buys 3,957 Shares of Prologis, Inc. $PLD

Key Points

• UniSuper Management Pty Ltd has increased its stake in Prologis, Inc. to 323,778 shares, valued at approximately $36.2 million, during the first quarter.
• Prologis reported a quarterly earnings per share (EPS) of $1.46, exceeding analyst expectations of $1.41, along with a revenue rise of 8.8% year-over-year.
• The company declared a quarterly dividend of $1.01, translating to an annualized yield of 3.6%, with an upcoming payment date scheduled for September 30th.

UniSuper Management Pty Ltd increased its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323,778 shares of the real estate investment trust's stock after buying an additional 3,957 shares during the period. UniSuper Management Pty Ltd's holdings in Prologis were worth $36,195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Nuveen LLC acquired a new position in Prologis during the first quarter valued at approximately $1,456,768,000. Valeo Financial Advisors LLC grew its holdings in Prologis by 282.5% during the first quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust's stock valued at $433,229,000 after purchasing an additional 2,862,183 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Prologis by 83.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,779,830 shares of the real estate investment trust's stock valued at $399,528,000 after purchasing an additional 1,723,129 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Prologis during the fourth quarter valued at approximately $163,970,000. Finally, SG Americas Securities LLC grew its holdings in Prologis by 5,678.8% during the first quarter. SG Americas Securities LLC now owns 1,436,773 shares of the real estate investment trust's stock valued at $160,617,000 after purchasing an additional 1,411,910 shares during the period. 93.50% of the stock is owned by institutional investors.

Prologis Stock Up 0.3%

PLD traded up $0.29 during trading hours on Friday, hitting $115.11. 1,116,168 shares of the company's stock were exchanged, compared to its average volume of 4,367,679. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.39. The stock's 50-day moving average is $109.03 and its two-hundred day moving average is $108.10. The stock has a market cap of $106.85 billion, a price-to-earnings ratio of 31.18, a PEG ratio of 2.78 and a beta of 1.26. 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 earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, topping 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 business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The firm'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. Sell-side analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

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

Insider Buying and Selling at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 1,000 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total transaction of $111,000.00. Following the sale, the director directly owned 9,829 shares of the company's stock, valued at approximately $1,091,019. This represents a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the sale, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports 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. 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. Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. UBS Group upped their price target on shares of Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Mizuho set a $118.00 price target on shares of Prologis and gave the company an "outperform" rating in a report on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Prologis currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.83.

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.