Prologis, Inc. $PLD is Pensionfund Sabic’s 4th Largest Position

Pensionfund Sabic trimmed its stake in shares of Prologis, Inc. (NYSE:PLD) by 10.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,858 shares of the real estate investment trust’s stock after selling 7,000 shares during the period. Prologis accounts for 1.9% of Pensionfund Sabic’s portfolio, making the stock its 4th largest holding. Pensionfund Sabic’s holdings in Prologis were worth $6,468,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Prologis by 0.7% during the first quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust’s stock valued at $13,564,533,000 after acquiring an additional 869,310 shares in the last quarter. Nuveen LLC purchased a new position in Prologis during the first quarter valued at $1,456,768,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Prologis by 5.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,648,872 shares of the real estate investment trust’s stock valued at $1,125,586,000 after acquiring an additional 505,318 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Prologis by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,495,932 shares of the real estate investment trust’s stock worth $1,173,340,000 after buying an additional 93,201 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Prologis by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust’s stock worth $1,113,994,000 after buying an additional 1,146,454 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on PLD shares. Wells Fargo & Company set a $137.00 price objective on shares of Prologis and gave the stock an “overweight” rating in a research note on Sunday, July 13th. Citigroup dropped their price objective on shares of Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. UBS Group lifted their price objective on shares of Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Scotiabank set a $114.00 price objective on shares of Prologis and gave the stock a “sector perform” rating in a research note on Wednesday, August 27th. Finally, Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $121.83.

Prologis Price Performance

Prologis stock opened at $115.48 on Friday. The firm has a 50-day moving average price of $109.18 and a 200-day moving average price of $108.05. The firm has a market capitalization of $107.20 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 2.88 and a beta of 1.26. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $132.39.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.05. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business earned $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, equities 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 Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is 109.49%.

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.