17,910 Shares in Prologis, Inc. $PLD Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC bought a new position in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, HoldingsChannel reports. The firm bought 17,910 shares of the real estate investment trust’s stock, valued at approximately $1,883,000.

A number of other institutional investors have also added to or reduced their stakes in PLD. Activest Wealth Management lifted its position in shares of Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 223 shares during the period. Pandora Wealth Inc. purchased a new position in Prologis during the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. bought a new position in Prologis in the first quarter worth approximately $34,000. Saudi Central Bank purchased a new stake in Prologis during the first quarter worth $41,000. Finally, Barrett & Company Inc. bought a new stake in Prologis during the 2nd quarter valued at $44,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Activity at Prologis

In other news, Director Cristina Gabriela Bita sold 500 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $123.14, for a total transaction of $61,570.00. Following the sale, the director directly owned 8,829 shares of the company’s stock, valued at $1,087,203.06. The trade was a 5.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 2,000 shares of company stock worth $230,415 in the last three months. Insiders own 0.57% of the company’s stock.

Prologis Trading Up 0.8%

Prologis stock opened at $128.38 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.64. The stock has a market cap of $119.25 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 3.13 and a beta of 1.29. The stock has a 50-day moving average of $120.99 and a two-hundred day moving average of $112.91. Prologis, Inc. has a one year low of $85.35 and a one year high of $129.28.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.05. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 earnings per share. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s dividend payout ratio (DPR) is currently 117.78%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PLD shares. Scotiabank boosted their price target on Prologis from $127.00 to $133.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Truist Financial reiterated a “buy” rating and issued a $131.00 target price (up previously from $120.00) on shares of Prologis in a research note on Monday, October 20th. Industrial Alliance Securities set a $119.00 target price on shares of Prologis in a report on Monday, October 20th. Bank of America raised shares of Prologis from a “neutral” rating to a “buy” rating and increased their price target for the company from $118.00 to $130.00 in a research report on Tuesday, September 16th. Finally, Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.39.

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.