Prologis (NYSE:PLD) Director Sells $57,845.00 in Stock

Key Points

• Cristina Gabriela Bita, a director at Prologis, sold 500 shares of the company's stock for a total of $57,845, resulting in a 5.09% decrease in their holdings.
• Prologis reported a quarterly EPS of $1.46, exceeding estimates, and announced a dividend of $1.01 per share, translating to a 3.5% yield.
• Recent analyst reports have set price targets for Prologis ranging from $114.00 to $137.00, with a consensus rating of "Moderate Buy."

Prologis, Inc. (NYSE:PLD - Get Free Report) Director Cristina Gabriela Bita sold 500 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $115.69, for a total transaction of $57,845.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Cristina Gabriela Bita also recently made the following trade(s):

• On Wednesday, September 3rd, Cristina Gabriela Bita sold 1,000 shares of Prologis stock. The stock was sold at an average price of $111.00, for a total transaction of $111,000.00.

Prologis Stock Performance

PLD traded down $0.27 during mid-day trading on Thursday, reaching $116.22. 2,935,684 shares of the company traded hands, compared to its average volume of 4,306,708. The company's fifty day moving average price is $110.77 and its 200-day moving average price is $107.58. The stock has a market capitalization of $107.88 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.89 and a beta of 1.28. 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, Inc. has a 52-week low of $85.35 and a 52-week high of $127.65.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.Prologis's revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were 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 was Tuesday, September 16th. Prologis's payout ratio is 109.49%.

Analysts Set New Price Targets

PLD has been the subject of a number of recent research reports. Scotiabank set a $114.00 price objective on shares of Prologis and gave the company a "sector perform" rating in a research report on Wednesday, August 27th. Mizuho set a $118.00 target price on Prologis and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Wells Fargo & Company set a $137.00 price target on Prologis and gave the stock an "overweight" rating in a research report on Sunday, July 13th. Bank of America raised Prologis from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $118.00 to $130.00 in a research note on Tuesday, September 16th. Finally, Citigroup cut their price objective on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $122.58.

Institutional Investors Weigh In On Prologis

Large investors have recently made changes to their positions in the company. Nuveen LLC bought a new stake in Prologis in the first quarter worth about $1,456,768,000. Norges Bank bought a new position in shares of Prologis during the second quarter valued at approximately $1,288,936,000. Franklin Resources Inc. raised its holdings in shares of Prologis by 216.0% in the second quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust's stock worth $1,056,545,000 after buying an additional 6,870,479 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of Prologis by 282.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust's stock worth $433,229,000 after acquiring an additional 2,862,183 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Prologis by 5,678.8% during the 1st 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 acquiring an additional 1,411,910 shares during the period. 93.50% of the stock is owned by institutional investors.

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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