RBA Wealth Management LLC Increases Stake in Prologis, Inc. $PLD

RBA Wealth Management LLC increased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 0.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 38,128 shares of the real estate investment trust’s stock after acquiring an additional 115 shares during the period. RBA Wealth Management LLC’s holdings in Prologis were worth $4,008,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Michael S. Ryan Inc. increased its stake in Prologis by 2.9% in the second quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust’s stock valued at $348,000 after purchasing an additional 94 shares in the last quarter. LaSalle St. Investment Advisors LLC lifted its stake 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 during the period. Van Hulzen Asset Management LLC grew its stake in shares of Prologis by 5.6% during the 1st quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock valued at $201,000 after purchasing an additional 96 shares during the period. Sandler Capital Management raised its holdings in Prologis by 5.3% during the 1st quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 100 shares during the period. Finally, Sunflower Bank N.A. lifted its stake in shares of Prologis by 3.9% during the 2nd quarter. Sunflower Bank N.A. now owns 2,697 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PLD shares. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and upped their target price for the company from $118.00 to $130.00 in a research report on Tuesday, September 16th. Barclays reduced their price objective on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research report on Monday, September 15th. Mizuho set a $118.00 price target on Prologis and gave the company an “outperform” rating in a report on Tuesday, August 19th. UBS Group upped their target price on Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Finally, Evercore ISI raised their price target on shares of Prologis from $111.00 to $113.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.58.

Prologis Stock Performance

Shares of Prologis stock opened at $114.27 on Friday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $127.65. 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’s fifty day simple moving average is $110.41 and its 200-day simple moving average is $107.48. The stock has a market capitalization of $106.07 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 2.88 and a beta of 1.26.

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

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $4.04 annualized dividend and a yield of 3.5%. Prologis’s payout ratio is currently 109.49%.

Insiders Place Their Bets

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction that occurred 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 sale, the director directly owned 9,829 shares in the company, valued at approximately $1,091,019. The trade was 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 currently owned by insiders.

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.