Torray Investment Partners LLC Purchases 95,760 Shares of Prologis, Inc. $PLD

Torray Investment Partners LLC boosted its position in shares of Prologis, Inc. (NYSE:PLD) by 218.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,500 shares of the real estate investment trust’s stock after buying an additional 95,760 shares during the period. Prologis makes up about 2.1% of Torray Investment Partners LLC’s portfolio, making the stock its 20th biggest holding. Torray Investment Partners LLC’s holdings in Prologis were worth $14,664,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in Prologis by 637.1% during the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 223 shares during the last quarter. Pandora Wealth Inc. bought a new position in Prologis during the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. bought a new stake in shares of Prologis in the 1st quarter valued at approximately $34,000. Saudi Central Bank bought a new stake in shares of Prologis in the 1st quarter valued at approximately $41,000. Finally, Olde Wealth Management LLC bought a new stake in shares of Prologis in the 1st quarter valued at approximately $43,000. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Prologis

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the firm’s stock in a transaction on 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 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the completion of the transaction, the director owned 9,829 shares in the company, valued at $1,091,019. This represents a 9.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,500 shares of company stock worth $2,952,095 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PLD shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Prologis in a research note on Wednesday, October 8th. Evercore ISI raised their price objective on Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a research note on Thursday, October 16th. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and raised their price objective for the company from $118.00 to $130.00 in a research note on Tuesday, September 16th. Barclays lowered their price objective on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research note on Monday, September 15th. Finally, Wells Fargo & Company raised their price objective on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Two 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. Based on data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and an average price target of $124.56.

Prologis Trading Up 0.1%

PLD opened at $124.31 on Monday. The stock’s fifty day moving average is $116.76 and its two-hundred day moving average is $110.25. The company has a market capitalization of $115.44 billion, a P/E ratio of 36.24, a PEG ratio of 3.13 and a beta of 1.28. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $127.50. The company has a quick ratio of 0.65, a current ratio of 0.64 and a debt-to-equity ratio of 0.62.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, topping the consensus estimate of $1.44 by $0.05. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.55% and a net margin of 36.71%.Prologis’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is presently 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.