Community Financial Services Group LLC Grows Position in Prologis, Inc. $PLD

Community Financial Services Group LLC raised its stake in shares of Prologis, Inc. (NYSE:PLD) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,219 shares of the real estate investment trust’s stock after buying an additional 168 shares during the quarter. Community Financial Services Group LLC’s holdings in Prologis were worth $6,015,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management raised its stake in Prologis by 637.1% during the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 223 shares during the last quarter. Pandora Wealth Inc. purchased a new position in Prologis during the first quarter valued at $34,000. GKV Capital Management Co. Inc. purchased a new position in Prologis during the first quarter valued at $34,000. Saudi Central Bank purchased a new position in Prologis during the first quarter valued at $41,000. Finally, Olde Wealth Management LLC purchased a new position in Prologis during the first quarter valued at $43,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PLD. UBS Group lifted their price objective on Prologis from $106.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $118.00 to $130.00 in a report on Tuesday, September 16th. Wells Fargo & Company set a $137.00 target price on Prologis and gave the stock an “overweight” rating in a report on Sunday, July 13th. Citigroup reduced their target price on Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Finally, Wall Street Zen lowered Prologis from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.58.

Prologis Stock Performance

Shares of PLD opened at $116.47 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. Prologis, Inc. has a one year low of $85.35 and a one year high of $127.65. The firm has a market capitalization of $108.11 billion, a P/E ratio of 31.56, a PEG ratio of 2.89 and a beta of 1.28. The business has a fifty day moving average of $110.77 and a 200 day moving average of $107.58.

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

Prologis Dividend Announcement

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

Insider Buying and Selling at Prologis

In related news, CAO Lori A. Palazzolo sold 25,000 shares of Prologis 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 completion of the sale, the chief accounting officer owned 414 shares of the company’s stock, valued at $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 completion of the sale, the director directly owned 9,829 shares of the company’s stock, valued at $1,091,019. The trade was a 9.23% decrease in their position. The disclosure for this sale can be found here. 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.