Prologis (NYSE:PLD) Director Cristina Gabriela Bita Sells 500 Shares of Stock

Prologis, Inc. (NYSE:PLD) Director Cristina Gabriela Bita sold 500 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $123.14, for a total value of $61,570.00. Following the completion of the sale, the director owned 8,829 shares of the company’s stock, valued at $1,087,203.06. This represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Cristina Gabriela Bita also recently made the following trade(s):

• On Wednesday, October 1st, Cristina Gabriela Bita sold 500 shares of Prologis stock. The stock was sold at an average price of $115.69, for a total value of $57,845.00.
• On Wednesday, September 3rd, Cristina Gabriela Bita sold 1,000 shares of Prologis stock. The stock was sold at an average price of $111.00, for a total value of $111,000.00.

Prologis Price Performance

Shares of PLD stock opened at $124.13 on Tuesday. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $127.50. The stock has a market capitalization of $115.30 billion, a price-to-earnings ratio of 36.19, a P/E/G ratio of 3.13 and a beta of 1.28. The stock has a fifty day simple moving average of $117.01 and a two-hundred day simple moving average of $110.40. The company has a current ratio of 0.64, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62.

Prologis (NYSE:PLD) last issued its 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. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s payout ratio is presently 117.78%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PLD. Barclays reduced their price target on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research report on Monday, September 15th. UBS Group set a $137.00 price target on Prologis and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Evercore ISI boosted their price target on Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a research report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Prologis in a research report on Wednesday, October 8th. Finally, Truist Financial reissued a “buy” rating and issued a $131.00 price target (up from $120.00) on shares of Prologis in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.56.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Clayton Financial Group LLC acquired a new position in shares of Prologis in the third quarter valued at about $26,000. Activest Wealth Management increased its holdings in shares of Prologis by 637.1% in the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 223 shares during the period. Pandora Wealth Inc. acquired a new position in shares of Prologis in the first quarter valued at about $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of Prologis in the first quarter valued at about $34,000. Finally, Silver Oak Securities Incorporated acquired a new position in shares of Prologis in the third quarter valued at about $36,000. 93.50% of the stock is owned by institutional investors and hedge funds.

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.