Prologis, Inc. $PLD Shares Bought by Applied Capital LLC FL

Applied Capital LLC FL increased its stake in Prologis, Inc. (NYSE:PLD) by 9.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,272 shares of the real estate investment trust’s stock after acquiring an additional 282 shares during the period. Applied Capital LLC FL’s holdings in Prologis were worth $344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Activest Wealth Management grew its stake in shares of Prologis by 637.1% during the 1st 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 period. Pandora Wealth Inc. purchased a new position in shares of Prologis in the 1st quarter worth $34,000. GKV Capital Management Co. Inc. acquired a new position in Prologis in the first quarter valued at $34,000. Saudi Central Bank purchased a new stake in Prologis during the first quarter valued at about $41,000. Finally, Olde Wealth Management LLC acquired a new stake in Prologis during the first quarter worth about $43,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research reports. Barclays decreased their target price on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a report on Monday, September 15th. Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Wells Fargo & Company set a $137.00 target price on shares of Prologis and gave the company an “overweight” rating in a research note on Sunday, July 13th. Citigroup decreased their price target on shares of Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Finally, Scotiabank set a $114.00 price objective on Prologis and gave the company 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 issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.58.

Prologis Stock Down 2.8%

Shares of Prologis stock opened at $111.29 on Friday. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $127.65. The company has a market capitalization of $103.35 billion, a PE ratio of 30.16, a P/E/G ratio of 2.89 and a beta of 1.28. 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 of $111.79 and a 200-day moving average of $107.78.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the business posted $1.34 earnings per share. Prologis’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, equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently declared 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 yield of 3.6%. Prologis’s dividend payout ratio is currently 109.49%.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the completion of the sale, the director owned 9,829 shares of the company’s stock, valued at approximately $1,091,019. The trade was a 9.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lori A. Palazzolo sold 25,000 shares of the company’s 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 owned 414 shares in the company, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,500 shares of company stock valued at $2,952,095. 0.57% of the stock is owned by company insiders.

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.