Valeo Financial Advisors LLC Has $89.89 Million Stake in Prologis, Inc. $PLD

Valeo Financial Advisors LLC lowered its stake in Prologis, Inc. (NYSE:PLD) by 77.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 855,115 shares of the real estate investment trust’s stock after selling 3,020,271 shares during the period. Prologis makes up approximately 1.9% of Valeo Financial Advisors LLC’s holdings, making the stock its 15th biggest position. Valeo Financial Advisors LLC owned about 0.09% of Prologis worth $89,890,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PLD. Activest Wealth Management lifted its holdings in Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 223 shares during the last quarter. GKV Capital Management Co. Inc. bought a new position in shares of Prologis in the first quarter valued at approximately $34,000. Saudi Central Bank bought a new position in shares of Prologis in the first quarter valued at approximately $41,000. Barrett & Company Inc. acquired a new stake in shares of Prologis in the second quarter worth $44,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Prologis in the second quarter worth $44,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of research analyst reports. Truist Financial reiterated a “buy” rating and issued a $131.00 target price (up from $120.00) on shares of Prologis in a research note on Monday, October 20th. Evercore ISI raised their price target on Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a research report on Thursday, October 16th. Industrial Alliance Securities set a $119.00 price objective on Prologis in a research report on Monday, October 20th. Mizuho increased their target price on Prologis from $118.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Finally, Wells Fargo & Company lifted their price target on Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $126.88.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the sale, the director owned 8,208 shares in the company, valued at $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 1,621 shares of company stock valued at $198,655 over the last three months. 0.57% of the stock is owned by company insiders.

Prologis Stock Down 0.3%

NYSE PLD opened at $130.18 on Monday. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $131.70. The stock has a market cap of $120.92 billion, a PE ratio of 37.95, a PEG ratio of 4.00 and a beta of 1.39. The firm has a 50-day simple moving average of $124.36 and a 200 day simple moving average of $114.73. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.64 and a current ratio of 0.64.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the company posted $1.43 earnings per share. The company’s quarterly 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, research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, December 16th. Prologis’s dividend payout ratio is presently 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.