Hudson Valley Investment Advisors Inc. ADV Sells 13,399 Shares of Prologis, Inc. $PLD

Hudson Valley Investment Advisors Inc. ADV cut its stake in Prologis, Inc. (NYSE:PLD) by 24.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,491 shares of the real estate investment trust’s stock after selling 13,399 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Prologis were worth $4,467,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management lifted its position in Prologis by 637.1% in the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 223 shares during the last quarter. Pandora Wealth Inc. bought a new stake in shares of Prologis during the first quarter worth $34,000. GKV Capital Management Co. Inc. bought a new stake in shares of Prologis during the first quarter worth $34,000. Saudi Central Bank bought a new stake in shares of Prologis during the first quarter worth $41,000. Finally, Olde Wealth Management LLC bought a new stake in shares of Prologis during the first quarter worth $43,000. 93.50% of the stock is currently owned by institutional investors.

Insider Transactions at Prologis

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 sale, the chief accounting officer directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cristina Gabriela Bita sold 500 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $115.69, for a total transaction of $57,845.00. Following the completion of the sale, the director owned 9,329 shares in the company, valued at $1,079,272.01. This represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock worth $2,952,095 over the last 90 days. Company insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

PLD has been the subject of several research analyst reports. Wall Street Zen downgraded Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Prologis in a research report on Saturday, September 27th. Bank of America upgraded 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 research report on Tuesday, September 16th. Citigroup decreased their target price on Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Finally, Mizuho set a $118.00 target price on Prologis and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.58.

Prologis Stock Performance

PLD stock opened at $117.09 on Friday. 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 business has a 50-day moving average price of $111.03 and a 200 day moving average price of $107.63. The company has a market capitalization of $108.69 billion, a P/E ratio of 31.73, a PEG ratio of 2.93 and a beta of 1.28. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $127.65.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.05. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share. 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 fiscal year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is currently 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.