Barrett & Company Inc. Makes New $44,000 Investment in Prologis, Inc. $PLD

Barrett & Company Inc. purchased a new position in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 415 shares of the real estate investment trust’s stock, valued at approximately $44,000.

A number of other large investors have also modified their holdings of the stock. Activest Wealth Management increased its holdings 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 valued at $29,000 after acquiring an additional 223 shares during the last quarter. Pandora Wealth Inc. acquired a new stake in Prologis in the first quarter valued at about $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Prologis during the 1st quarter valued at approximately $34,000. Saudi Central Bank acquired a new stake in shares of Prologis during the 1st quarter valued at approximately $41,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Prologis during the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Transactions at Prologis

In related news, Director Cristina Gabriela Bita sold 500 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $115.69, for a total transaction of $57,845.00. Following the completion of the sale, the director owned 9,329 shares of the company’s stock, valued at $1,079,272.01. This represents a 5.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer directly owned 414 shares of the company’s stock, valued at approximately $46,090.62. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,500 shares of company stock valued at $2,952,095. Insiders own 0.57% of the company’s stock.

Prologis Stock Performance

Shares of PLD stock opened at $117.09 on Friday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $127.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $108.69 billion, a P/E ratio of 31.73, a P/E/G ratio of 2.93 and a beta of 1.28. The company’s fifty day moving average price is $111.03 and its two-hundred day moving average price is $107.63.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share 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 the consensus estimate of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. Prologis’s payout ratio is presently 109.49%.

Analyst Ratings Changes

Several analysts have 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 research note on Wednesday, August 27th. Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. UBS Group lifted their target price on shares of Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Wells Fargo & Company set a $137.00 target price on shares of Prologis and gave the stock an “overweight” rating in a research note on Sunday, July 13th. Finally, Barclays lowered their target price on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research note on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $122.58.

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.