Rep. Thomas H. Kean, Jr. Buys Prologis, Inc. (NYSE:PLD) Stock

Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of Prologis, Inc. NYSE: PLD. In a filing disclosed on May 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Prologis stock on April 24th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Franklin Resources NYSE: BEN on 4/28/2025.
• Purchased $1,001 - $15,000 in shares of Fiserv NYSE: FI on 4/24/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/24/2025.
• Purchased $1,001 - $15,000 in shares of Analog Devices NASDAQ: ADI on 4/24/2025.
• Purchased $1,001 - $15,000 in shares of First Citizens BancShares NASDAQ: FCNCA on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of First Citizens BancShares NASDAQ: FCNCA on 4/10/2025.
• Sold $1,001 - $15,000 in shares of Fortive NYSE: FTV on 4/10/2025.
• Purchased $1,001 - $15,000 in shares of Canadian Pacific Kansas City NYSE: CP on 4/10/2025.
• Purchased $1,001 - $15,000 in shares of Illumina NASDAQ: ILMN on 4/1/2025.
• Purchased $1,001 - $15,000 in shares of nVent Electric NYSE: NVT on 4/1/2025.

Prologis Trading Up 1.2%

PLD stock traded up $1.33 during midday trading on Friday, hitting $110.56. 2,768,361 shares of the company's stock were exchanged, compared to its average volume of 4,200,330. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The business has a 50-day simple moving average of $104.90 and a two-hundred day simple moving average of $111.09. The stock has a market capitalization of $102.59 billion, a PE ratio of 27.64, a P/E/G ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.04. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.99 billion. On average, sell-side analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $1.01 per share. The ex-dividend date is Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.65%. Prologis's dividend payout ratio (DPR) is 101.00%.

Hedge Funds Weigh In On Prologis

Several hedge funds have recently bought and sold shares of the stock. Zimmer Partners LP boosted its holdings in shares of Prologis by 10.0% during the first quarter. Zimmer Partners LP now owns 137,500 shares of the real estate investment trust's stock worth $15,371,000 after purchasing an additional 12,500 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Prologis during the first quarter worth $21,792,000. Empowered Funds LLC boosted its holdings in shares of Prologis by 5.2% during the first quarter. Empowered Funds LLC now owns 41,877 shares of the real estate investment trust's stock worth $4,681,000 after purchasing an additional 2,080 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in shares of Prologis during the first quarter worth $315,000. Finally, Ascent Group LLC boosted its holdings in shares of Prologis by 19.7% during the first quarter. Ascent Group LLC now owns 6,705 shares of the real estate investment trust's stock worth $750,000 after purchasing an additional 1,102 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial dropped their price objective on Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a research note on Monday, May 5th. CJS Securities reduced their target price on Prologis from $140.00 to $117.00 in a report on Friday, April 11th. BMO Capital Markets reduced their target price on Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Robert W. Baird reduced their target price on Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Raymond James reissued a "market perform" rating on shares of Prologis in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $121.84.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.