Personal CFO Solutions LLC Increases Stock Position in Prologis, Inc. $PLD

Personal CFO Solutions LLC grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 20.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,433 shares of the real estate investment trust’s stock after purchasing an additional 588 shares during the period. Personal CFO Solutions LLC’s holdings in Prologis were worth $361,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Activest Wealth Management raised its position in Prologis by 637.1% in the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 223 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Prologis during the 1st quarter worth $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of Prologis during the 1st quarter worth $34,000. Saudi Central Bank purchased a new position in shares of Prologis in the 1st quarter valued at about $41,000. Finally, Barrett & Company Inc. acquired a new stake in shares of Prologis in the second quarter valued at about $44,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

PLD stock opened at $125.89 on Friday. The stock’s 50 day moving average price is $120.18 and its 200 day moving average price is $112.46. The firm has a market cap of $116.94 billion, a P/E ratio of 36.70, a PEG ratio of 3.13 and a beta of 1.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.64. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $127.50.

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

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $1.01 dividend. 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 is 117.78%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PLD shares. BMO Capital Markets upgraded shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 target price on the stock in a research report on Monday, October 20th. Scotiabank upped their price target on Prologis from $127.00 to $133.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prologis in a report on Wednesday. Industrial Alliance Securities set a $119.00 target price on Prologis in a research report on Monday, October 20th. Finally, UBS Group set a $133.00 price target on Prologis in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.39.

Insider Transactions at Prologis

In other Prologis 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 transaction of $111,000.00. Following the sale, the director directly owned 9,829 shares of the company’s stock, valued at $1,091,019. This trade represents a 9.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of Prologis 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 sale, the chief accounting officer owned 414 shares of the company’s stock, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 27,000 shares of company stock worth $3,013,665. 0.57% of the stock is owned by insiders.

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.