Vanderbilt University Boosts Stake in Prologis, Inc. $PLD

Key Points

• Vanderbilt University increased its stake in Prologis, Inc. by 17.8% during Q2, now owning 54,355 shares valued at approximately $5.7 million, making it the university's 18th largest holding.
• Prologis declared a quarterly dividend of $1.01 per share, with an annualized yield of 3.5%, despite having a payout ratio of 109.49%.
• Insiders, including a Director and Chief Accounting Officer, have sold a total of 26,500 shares in the last three months, indicating possible shifts in confidence or strategy within the company.

Vanderbilt University lifted its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 17.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,355 shares of the real estate investment trust's stock after acquiring an additional 8,199 shares during the quarter. Prologis accounts for approximately 1.1% of Vanderbilt University's investment portfolio, making the stock its 18th biggest holding. Vanderbilt University's holdings in Prologis were worth $5,714,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Abundance Wealth Counselors boosted its stake in shares of Prologis by 3.2% during the 2nd quarter. Abundance Wealth Counselors now owns 17,224 shares of the real estate investment trust's stock worth $1,811,000 after acquiring an additional 526 shares in the last quarter. Mattern Capital Management LLC boosted its stake in shares of Prologis by 1.9% during the 2nd quarter. Mattern Capital Management LLC now owns 74,876 shares of the real estate investment trust's stock worth $7,871,000 after acquiring an additional 1,370 shares in the last quarter. River Street Advisors LLC boosted its stake in shares of Prologis by 2.4% during the 2nd quarter. River Street Advisors LLC now owns 11,973 shares of the real estate investment trust's stock worth $1,259,000 after acquiring an additional 286 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Prologis during the 2nd quarter worth about $179,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Prologis by 2.7% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,719 shares of the real estate investment trust's stock worth $496,000 after acquiring an additional 126 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Cristina Gabriela Bita sold 500 shares of Prologis stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $115.69, for a total value of $57,845.00. Following the completion of the sale, the director owned 9,329 shares in the company, valued at approximately $1,079,272.01. This trade represents a 5.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction 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 $46,090.62. This trade represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,500 shares of company stock valued at $2,952,095 in the last 90 days. Insiders own 0.57% of the company's stock.

Prologis Stock Down 0.2%

Shares of NYSE PLD opened at $116.22 on Friday. The company has a 50 day simple moving average of $110.90 and a 200-day simple moving average of $107.59. The company has a market capitalization of $107.88 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.94 and a beta of 1.28. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $127.65.

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, topping analysts' consensus estimates of $1.41 by $0.05. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The business's revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, equities research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $1.01 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.5%. Prologis's dividend payout ratio (DPR) is currently 109.49%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PLD shares. Barclays decreased their price target on shares of Prologis from $119.00 to $118.00 and set an "overweight" rating on the stock in a research note on Monday, September 15th. Wall Street Zen lowered shares of Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the company an "overweight" rating in a research note on Sunday, July 13th. Evercore ISI raised their price target on shares of Prologis from $111.00 to $113.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Finally, Scotiabank set a $114.00 price target 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, twelve have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.58.

Prologis Company 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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