Prologis, Inc. $PLD Holdings Increased by Code Waechter LLC

Code Waechter LLC grew its stake in shares of Prologis, Inc. (NYSE:PLD) by 53.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,893 shares of the real estate investment trust’s stock after buying an additional 1,697 shares during the quarter. Code Waechter LLC’s holdings in Prologis were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Activest Wealth Management raised its position in shares of Prologis by 637.1% during the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 223 shares in the last quarter. Pandora Wealth Inc. bought a new stake in shares of Prologis during the 1st quarter worth about $34,000. GKV Capital Management Co. Inc. bought a new stake in shares of Prologis during the 1st quarter worth about $34,000. Saudi Central Bank bought a new stake in shares of Prologis during the 1st quarter worth about $41,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Prologis by 63.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 152 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Cristina Gabriela Bita sold 500 shares of the business’s stock in a transaction that occurred 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 owned 8,829 shares in the company, valued at $1,087,203.06. The trade was a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction that occurred on 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 owned 414 shares in the company, valued at $46,090.62. This represents a 98.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,000 shares of company stock worth $3,013,665 in the last 90 days. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

PLD has been the subject of a number of research reports. Industrial Alliance Securities set a $119.00 target price on shares of Prologis in a report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Prologis in a research report on Wednesday, October 8th. BMO Capital Markets upgraded Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective for the company in a research report on Monday, October 20th. Evercore ISI increased their price objective on Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a research report on Thursday, October 16th. Finally, Scotiabank set a $114.00 price objective on Prologis and gave the company a “sector perform” rating in a research report on Wednesday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.56.

Prologis Stock Up 0.0%

PLD stock opened at $124.13 on Tuesday. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $127.50. The company’s 50 day simple moving average is $117.01 and its 200-day simple moving average is $110.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.65. The firm has a market capitalization of $115.30 billion, a P/E ratio of 36.19, a P/E/G ratio of 3.13 and a beta of 1.28.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The firm’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. As a group, equities research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $1.01 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.3%. Prologis’s payout ratio is currently 117.78%.

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.