Cromwell Holdings LLC Has $101,000 Stock Holdings in Prologis, Inc. $PLD

Cromwell Holdings LLC decreased its holdings in Prologis, Inc. (NYSE:PLD) by 46.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 959 shares of the real estate investment trust’s stock after selling 819 shares during the quarter. Cromwell Holdings LLC’s holdings in Prologis were worth $101,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Activest Wealth Management grew 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 worth $29,000 after purchasing an additional 223 shares during the last quarter. Pandora Wealth Inc. bought a new stake in shares of Prologis in the 1st quarter worth about $34,000. GKV Capital Management Co. Inc. bought a new stake in shares of Prologis in the 1st quarter worth about $34,000. Saudi Central Bank bought a new stake in shares of Prologis in the 1st quarter worth about $41,000. Finally, Olde Wealth Management LLC bought a new stake in shares of Prologis in the 1st quarter worth about $43,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PLD shares. Citigroup lowered their target price on shares of Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Mizuho set a $118.00 target price on shares of Prologis and gave the stock an “outperform” rating in a report on Tuesday, August 19th. UBS Group upped their target price on shares of Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Scotiabank set a $114.00 target price on shares of Prologis and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. Finally, Barclays decreased their price objective on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $122.58.

Prologis Stock Down 0.2%

Shares of NYSE:PLD opened at $116.22 on Friday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $127.65. The company’s 50-day moving average price is $110.90 and its two-hundred day moving average price is $107.59. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. The firm has a market cap of $107.88 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.94 and a beta of 1.28.

Prologis (NYSE:PLD) last issued its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.05. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, research analysts forecast 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 was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is 109.49%.

Insider Activity

In other news, Director Cristina Gabriela Bita sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the transaction, the director owned 9,829 shares of the company’s stock, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the firm’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 completion of the transaction, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. This trade represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock worth $2,952,095 in the last ninety days. Insiders own 0.57% of the company’s stock.

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.