Rep. Thomas H. Kean, Jr. Purchases Shares of Prologis, Inc. (NYSE:PLD)

Key Points

• Rep. Thomas H. Kean, Jr. recently bought shares of Prologis, Inc. (NYSE:PLD) valued between $1,001 and $15,000 on June 30th, as disclosed in a filing.
• Prologis has reported an earnings per share (EPS) of $1.46 for the last quarter, surpassing analyst expectations of $1.41.
• The company announced a quarterly dividend of $1.01, which yields 3.69%, with a dividend payout ratio of 109.49%.
• Prologis holds a market capitalization of $101.54 billion, with a current stock price of $109.43 and fluctuating between a twelve-month low of $85.35 and a high of $132.57.

Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of Prologis, Inc. NYSE: PLD. In a filing disclosed on July 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Prologis stock on June 30th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

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

• Sold $15,001 - $50,000 in shares of Stryker NYSE: SYK on 6/26/2025.
• Sold $1,001 - $15,000 in shares of WESCO International NYSE: WCC on 6/23/2025.
• Purchased $1,001 - $15,000 in shares of Danaher NYSE: DHR on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of AON NYSE: AON on 5/27/2025.
• Purchased $1,001 - $15,000 in shares of Becton, Dickinson and Company NYSE: BDX on 5/13/2025.
• Sold $1,001 - $15,000 in shares of Crown NYSE: CCK on 5/8/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 5/8/2025.
• Purchased $1,001 - $15,000 in shares of Thermo Fisher Scientific NYSE: TMO on 5/5/2025.
• Sold $1,001 - $15,000 in shares of Franklin Resources NYSE: BEN on 4/28/2025.
• Purchased $1,001 - $15,000 in shares of Analog Devices NASDAQ: ADI on 4/24/2025.

Prologis Stock Performance

Shares of PLD traded up $0.51 during trading hours on Friday, hitting $110.23. The stock had a trading volume of 2,150,671 shares, compared to its average volume of 4,782,002. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.19 and a quick ratio of 0.41. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. The firm has a market capitalization of $102.29 billion, a PE ratio of 29.87, a PEG ratio of 2.77 and a beta of 1.23. The stock has a fifty day moving average price of $107.48 and a 200 day moving average price of $109.77.

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. Prologis had a return on equity of 5.96% and a net margin of 40.29%. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. Prologis's revenue was up 8.8% compared to the same quarter last year. Analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Tuesday, June 17th. Prologis's payout ratio is currently 109.49%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PLD shares. UBS Group boosted their price target on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Mizuho cut their price target on Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Barclays cut their price target on Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company set a $137.00 price target on Prologis and gave the company an "overweight" rating in a report on Sunday, July 13th. Finally, Evercore ISI cut their price target on Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $120.74.

Institutional Investors Weigh In On Prologis

Hedge funds have recently made changes to their positions in the company. Nuveen LLC purchased a new stake in Prologis during the first quarter valued at approximately $1,456,768,000. Norges Bank purchased a new stake in Prologis during the fourth quarter valued at approximately $951,263,000. Northern Trust Corp raised its position in Prologis by 54.6% during the fourth quarter. Northern Trust Corp now owns 13,855,339 shares of the real estate investment trust's stock valued at $1,464,509,000 after purchasing an additional 4,893,284 shares during the period. Valeo Financial Advisors LLC raised its position 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. Finally, Capital Research Global Investors raised its position in Prologis by 25.4% during the fourth quarter. Capital Research Global Investors now owns 12,345,523 shares of the real estate investment trust's stock valued at $1,304,922,000 after purchasing an additional 2,500,761 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

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.

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.