Beacon Financial Advisory LLC Purchases 1,149 Shares of Prologis, Inc. $PLD

Beacon Financial Advisory LLC raised its position in Prologis, Inc. (NYSE:PLD) by 37.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,241 shares of the real estate investment trust’s stock after buying an additional 1,149 shares during the period. Beacon Financial Advisory LLC’s holdings in Prologis were worth $446,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Michael S. Ryan Inc. increased its holdings in Prologis by 2.9% during the 2nd 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 increased its stake in shares of 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 valued at $300,000 after buying an additional 96 shares in the last quarter. Van Hulzen Asset Management LLC increased its stake in shares of Prologis by 5.6% in the first quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 96 shares in the last quarter. Sandler Capital Management raised its holdings in shares of Prologis by 5.3% in the first 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 last quarter. Finally, Sunflower Bank N.A. lifted its position in 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 buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 500 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $115.69, for a total value of $57,845.00. Following the sale, the director directly owned 9,329 shares in the company, valued at approximately $1,079,272.01. This trade represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction on 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 transaction, the chief accounting officer directly owned 414 shares of the company’s stock, valued at $46,090.62. This trade represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock valued at $2,952,095 in the last ninety days. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PLD. Barclays lowered their price objective on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research report on Monday, September 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Prologis in a report on Saturday, September 27th. Mizuho set a $118.00 price objective on Prologis and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Wall Street Zen cut Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. Finally, Scotiabank set a $114.00 target price on Prologis and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus target price of $122.58.

Prologis Stock Up 0.8%

NYSE:PLD opened at $117.09 on Monday. The company has a quick ratio of 0.65, a current 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 $127.65. The stock’s fifty day simple moving average is $111.03 and its 200-day simple moving average is $107.56. The firm has a market capitalization of $108.69 billion, a P/E ratio of 31.73, a P/E/G ratio of 2.96 and a beta of 1.28.

Prologis (NYSE:PLD) last released 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. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Equities research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

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