Hilltop National Bank Makes New Investment in Prologis, Inc. $PLD

Hilltop National Bank acquired a new position in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,706 shares of the real estate investment trust’s stock, valued at approximately $179,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Activest Wealth Management lifted its stake in shares of Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 223 shares during the period. Pandora Wealth Inc. acquired a new stake in shares of Prologis in the 1st quarter worth $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Prologis in the 1st quarter worth $34,000. Saudi Central Bank acquired a new stake in shares of Prologis in the 1st quarter worth $41,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Prologis in the 1st quarter worth $43,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on PLD. Citigroup reduced their target price 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. Weiss Ratings restated a “hold (c)” rating on shares of Prologis in a research note on Saturday, September 27th. Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. Bank of America upgraded shares of Prologis from a “neutral” rating to a “buy” rating and raised their price objective for the company from $118.00 to $130.00 in a research note on Tuesday, September 16th. Finally, UBS Group raised their price objective on shares of Prologis from $106.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Two 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.58.

Insider Activity

In other news, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the completion of the sale, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of Prologis 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 sale, the director owned 9,829 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 26,500 shares of company stock valued at $2,952,095 over the last 90 days. 0.57% of the stock is currently owned by insiders.

Prologis Stock Performance

NYSE:PLD opened at $117.09 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $111.03 and a two-hundred day moving average price of $107.59. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $127.65. The company has a market capitalization of $108.69 billion, a P/E ratio of 31.73, a price-to-earnings-growth ratio of 2.96 and a beta of 1.28.

Prologis (NYSE:PLD) last posted its earnings results 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. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm posted $1.34 EPS. The firm’s revenue for the quarter 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, research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.5%. The ex-dividend date was Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is 109.49%.

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.