Prologis, Inc. $PLD Shares Sold by GWN Securities Inc.

GWN Securities Inc. cut its holdings in shares of Prologis, Inc. (NYSE:PLD) by 84.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,808 shares of the real estate investment trust’s stock after selling 54,807 shares during the period. GWN Securities Inc.’s holdings in Prologis were worth $1,038,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Prologis by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust’s stock valued at $13,564,533,000 after acquiring an additional 869,310 shares during the period. Nuveen LLC acquired a new stake in Prologis in the 1st quarter worth about $1,456,768,000. Charles Schwab Investment Management Inc. boosted its holdings in Prologis by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,495,932 shares of the real estate investment trust’s stock worth $1,173,340,000 after buying an additional 93,201 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Prologis by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust’s stock worth $1,113,994,000 after buying an additional 1,146,454 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Prologis by 7.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,790,241 shares of the real estate investment trust’s stock worth $870,871,000 after buying an additional 507,367 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on PLD. Scotiabank set a $114.00 price objective on Prologis and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. BMO Capital Markets upgraded Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective on the stock in a report on Monday, October 20th. Industrial Alliance Securities set a $119.00 price objective on Prologis in a report on Monday, October 20th. UBS Group set a $137.00 price objective on Prologis and gave the stock a “buy” rating in a report on Tuesday, October 21st. Finally, Wells Fargo & Company lifted their price objective on Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $124.56.

Prologis Trading Up 0.3%

Shares of Prologis stock opened at $126.84 on Tuesday. The stock has a market cap of $117.79 billion, a P/E ratio of 36.98, a P/E/G ratio of 3.20 and a beta of 1.28. The stock’s 50 day simple moving average is $115.63 and its 200-day simple moving average is $109.41. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $127.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.20 and a quick ratio of 0.65.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, beating the consensus estimate of $1.44 by $0.05. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Analysts predict 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 given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s payout ratio is presently 117.78%.

Insider Activity at Prologis

In other news, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction that occurred 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 sale, the chief accounting officer owned 414 shares of the company’s stock, valued at approximately $46,090.62. The trade was a 98.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cristina Gabriela Bita sold 500 shares of Prologis stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $115.69, for a total transaction of $57,845.00. Following the sale, the director directly owned 9,329 shares in the company, valued at approximately $1,079,272.01. The trade was a 5.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,500 shares of company stock worth $2,952,095. Corporate insiders own 0.57% of the company’s stock.

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.