Foresight Group Ltd Liability Partnership Has $4.29 Million Stock Holdings in Prologis, Inc. $PLD

Foresight Group Ltd Liability Partnership grew its stake in shares of Prologis, Inc. (NYSE:PLD) by 552.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,849 shares of the real estate investment trust’s stock after purchasing an additional 32,893 shares during the period. Foresight Group Ltd Liability Partnership’s holdings in Prologis were worth $4,290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. REAP Financial Group LLC increased its position in Prologis by 40.0% in the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 84 shares in the last quarter. LaSalle St. Investment Advisors LLC boosted its holdings in Prologis by 3.7% in the first quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust’s stock worth $300,000 after acquiring an additional 96 shares in the last quarter. Van Hulzen Asset Management LLC grew its stake in Prologis by 5.6% in the first quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 96 shares during the period. Sandler Capital Management grew its stake in Prologis by 5.3% in the first quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust’s stock valued at $224,000 after acquiring an additional 100 shares during the period. Finally, Focus Financial Network Inc. increased its holdings in shares of Prologis by 5.2% during the first quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust’s stock valued at $234,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

NYSE PLD opened at $111.02 on Thursday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $103.05 billion, a price-to-earnings ratio of 30.09, a PEG ratio of 2.81 and a beta of 1.26. The company has a fifty day moving average price of $108.89 and a 200-day moving average price of $108.13.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.05. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the firm earned $1.34 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, equities research analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 16th. Prologis’s payout ratio is presently 109.49%.

Wall Street Analyst Weigh In

PLD has been the topic of a number of research reports. Citigroup lowered 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. Scotiabank set a $114.00 price objective on shares of Prologis and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. Wells Fargo & Company set a $137.00 price objective on shares of Prologis and gave the company an “overweight” rating in a research note on Sunday, July 13th. Wall Street Zen downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Finally, Mizuho set a $118.00 price target on shares of Prologis and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $121.83.

Insider Buying and Selling

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total value of $2,783,250.00. Following the completion of the transaction, the chief accounting officer directly owned 414 shares of the company’s stock, valued at $46,090.62. This represents a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total value of $111,000.00. Following the sale, the director owned 9,829 shares in the company, valued at $1,091,019. This trade represents a 9.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

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.