National Pension Service Grows Holdings in Prologis, Inc. $PLD

National Pension Service grew its position in shares of Prologis, Inc. (NYSE:PLD) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,386,865 shares of the real estate investment trust’s stock after buying an additional 197,128 shares during the period. National Pension Service owned about 0.26% of Prologis worth $250,907,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Advyzon Investment Management LLC acquired a new position in Prologis during the 2nd quarter worth $211,000. Montag A & Associates Inc. grew its position in Prologis by 51.2% in the second quarter. Montag A & Associates Inc. now owns 1,160 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 393 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of Prologis during the second quarter worth $444,000. Allworth Financial LP lifted its stake in Prologis by 61.7% during the second quarter. Allworth Financial LP now owns 229,697 shares of the real estate investment trust’s stock valued at $24,146,000 after buying an additional 87,606 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Prologis by 7.6% in the 2nd quarter. ProShare Advisors LLC now owns 200,454 shares of the real estate investment trust’s stock worth $21,072,000 after purchasing an additional 14,141 shares during the period. Institutional investors own 93.50% of the company’s stock.

Insider Activity

In related news, Director Cristina Gabriela Bita sold 500 shares of Prologis stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $123.14, for a total value of $61,570.00. Following the transaction, the director directly owned 8,829 shares of the company’s stock, valued at $1,087,203.06. This trade represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was 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 of the company’s stock, valued at $46,090.62. This trade represents a 98.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,000 shares of company stock valued at $3,013,665 in the last ninety days. 0.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PLD shares. Citigroup lowered their price target 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. Truist Financial restated a “buy” rating and set a $131.00 price target (up from $120.00) on shares of Prologis in a report on Monday, October 20th. Evercore ISI boosted their target price on shares of Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a research report on Thursday, October 16th. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $118.00 to $130.00 in a report on Tuesday, September 16th. Finally, BMO Capital Markets raised shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price target for the company in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.39.

Prologis Trading Up 1.1%

PLD opened at $126.24 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $117.26 billion, a P/E ratio of 36.80, a P/E/G ratio of 3.13 and a beta of 1.29. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $127.50. The firm’s fifty day simple moving average is $118.46 and its 200 day simple moving average is $111.40.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.05. The company had revenue of $2.05 billion during 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 quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. As a group, research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is 117.78%.

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.