Wealth Enhancement Advisory Services LLC Has $5.74 Million Stake in Prologis, Inc. $PLD

Key Points

• Wealth Enhancement Advisory Services LLC has reduced its stake in Prologis, Inc. by 4.5%, holding 53,112 shares valued at approximately $5.74 million.
• Prologis is set to pay a quarterly dividend of $1.01 per share on September 30th, which equates to an annual yield of 3.6%.
• The company recently reported an EPS of $1.46 for the last quarter, which exceeded expectations and marked an 8.8% increase in revenue year-over-year.

Wealth Enhancement Advisory Services LLC cut its position in Prologis, Inc. (NYSE:PLD - Free Report) by 4.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,112 shares of the real estate investment trust's stock after selling 2,493 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Prologis were worth $5,737,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock worth $1,847,000 after purchasing an additional 15,078 shares during the last quarter. Vise Technologies Inc. acquired a new position in shares of Prologis during the 4th quarter worth $308,000. Park Square Financial Group LLC bought a new stake in shares of Prologis during the 4th quarter worth $103,000. Phocas Financial Corp. acquired a new stake in Prologis in the fourth quarter valued at about $342,000. Finally, Lansforsakringar Fondforvaltning AB publ bought a new position in Prologis in the fourth quarter valued at about $32,910,000. Institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

Shares of Prologis stock opened at $112.98 on Thursday. The stock has a market cap of $104.87 billion, a price-to-earnings ratio of 30.62, a P/E/G ratio of 2.89 and a beta of 1.26. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $127.65. The company's fifty day moving average is $110.12 and its 200 day moving average is $107.59. 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 return on equity of 5.96% and a net margin of 40.29%.The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $1.34 EPS. The business's quarterly 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. Sell-side analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Prologis's dividend payout ratio is currently 109.49%.

Insider Activity at Prologis

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction 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 directly owned 414 shares in the company, valued at $46,090.62. This represents a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of the business'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 completion of the transaction, the director owned 9,829 shares in the company, valued at approximately $1,091,019. The trade was a 9.23% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on PLD shares. Scotiabank set a $114.00 target price on shares of Prologis and gave the stock a "sector perform" rating in a report on Wednesday, August 27th. Evercore ISI increased their price objective 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. Bank of America raised shares of Prologis from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $118.00 to $130.00 in a research note on Tuesday, September 16th. Wall Street Zen downgraded shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Finally, UBS Group increased their price target on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Two 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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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