Wiser Advisor Group LLC Lowers Stock Holdings in Prologis, Inc. $PLD

Wiser Advisor Group LLC lessened its holdings in shares of Prologis, Inc. (NYSE:PLD) by 26.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,513 shares of the real estate investment trust’s stock after selling 2,687 shares during the quarter. Prologis makes up about 1.4% of Wiser Advisor Group LLC’s investment portfolio, making the stock its 28th biggest position. Wiser Advisor Group LLC’s holdings in Prologis were worth $790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nuveen LLC purchased a new position in Prologis during the first quarter worth about $1,456,768,000. Price T Rowe Associates Inc. MD increased its stake in shares of Prologis by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust’s stock valued at $1,113,994,000 after acquiring an additional 1,146,454 shares during the last quarter. Strs Ohio purchased a new position in shares of Prologis during the 1st quarter worth about $98,308,000. Vanguard Group Inc. lifted its holdings in shares of Prologis by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust’s stock worth $13,564,533,000 after acquiring an additional 869,310 shares during the period. Finally, AMF Tjanstepension AB boosted its position in shares of Prologis by 18.4% in the second quarter. AMF Tjanstepension AB now owns 3,449,394 shares of the real estate investment trust’s stock worth $362,905,000 after acquiring an additional 535,703 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 0.7%

Shares of NYSE PLD opened at $123.92 on Friday. The stock has a fifty day moving average price of $118.96 and a 200 day moving average price of $111.58. 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, Inc. has a 12-month low of $85.35 and a 12-month high of $127.50. The company has a market cap of $115.10 billion, a P/E ratio of 36.13, a P/E/G ratio of 3.13 and a beta of 1.29.

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. 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 in the prior year, the business earned $1.43 earnings per share. The company’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. Research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

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

Analysts Set New Price Targets

PLD has been the subject of several research analyst reports. UBS Group set a $133.00 price target on shares of Prologis in a research report on Monday. Industrial Alliance Securities set a $119.00 price objective on shares of Prologis in a research note on Monday, October 20th. Citigroup cut their target price on Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Barclays lowered 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. Finally, Evercore ISI upped their price target on Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a research note on Thursday, October 16th. Two investment 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.39.

Insider Buying and Selling

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 414 shares of the company’s stock, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cristina Gabriela Bita sold 500 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $123.14, for a total transaction of $61,570.00. Following the completion of the transaction, the director owned 8,829 shares in the company, valued at $1,087,203.06. This represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,000 shares of company stock worth $3,013,665 in the last quarter. Insiders own 0.57% of the company’s stock.

Prologis Company 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.