Prologis, Inc. $PLD Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 150,059 shares of the real estate investment trust’s stock after selling 243 shares during the period. Yousif Capital Management LLC’s holdings in Prologis were worth $15,774,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Griffin Asset Management Inc. boosted its stake in shares of Prologis by 352.6% during the second quarter. Griffin Asset Management Inc. now owns 20,049 shares of the real estate investment trust’s stock worth $2,108,000 after buying an additional 15,619 shares during the period. MGO One Seven LLC raised its holdings in Prologis by 6.2% during the second quarter. MGO One Seven LLC now owns 14,613 shares of the real estate investment trust’s stock worth $1,536,000 after purchasing an additional 859 shares in the last quarter. Meritage Portfolio Management purchased a new position in Prologis during the second quarter worth about $2,048,000. CWM LLC raised its holdings in Prologis by 10.4% during the second quarter. CWM LLC now owns 30,472 shares of the real estate investment trust’s stock worth $3,203,000 after purchasing an additional 2,876 shares in the last quarter. Finally, Advocate Group LLC raised its holdings in Prologis by 4.1% during the second quarter. Advocate Group LLC now owns 38,852 shares of the real estate investment trust’s stock worth $4,084,000 after purchasing an additional 1,524 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Down 2.8%

Shares of Prologis stock opened at $111.29 on Monday. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $127.65. 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 stock has a market cap of $103.35 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 2.81 and a beta of 1.28. The company has a 50-day moving average of $111.79 and a two-hundred day moving average of $107.73.

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

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is 109.49%.

Insider Buying and Selling

In other news, Director Cristina Gabriela Bita sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total transaction of $111,000.00. Following the completion of the transaction, the director directly owned 9,829 shares of the company’s stock, valued at $1,091,019. This trade represents a 9.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the transaction, the chief accounting officer directly owned 414 shares of the company’s stock, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. 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. Corporate insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

PLD has been the subject of several analyst reports. Evercore ISI increased their price target on shares of Prologis from $111.00 to $113.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Prologis in a report on Wednesday, October 8th. Barclays cut their price target on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a report on Monday, September 15th. UBS Group increased their price target on shares of Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the stock an “overweight” rating in a report on Sunday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average target price of $122.58.

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.