Prologis, Inc. $PLD Stock Holdings Boosted by Trillium Asset Management LLC

Trillium Asset Management LLC grew its position in Prologis, Inc. (NYSE:PLD) by 6.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 269,547 shares of the real estate investment trust’s stock after purchasing an additional 17,398 shares during the period. Trillium Asset Management LLC’s holdings in Prologis were worth $28,335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Prologis by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust’s stock worth $13,564,533,000 after purchasing an additional 869,310 shares during the last quarter. Nuveen LLC bought a new position in Prologis in the 1st quarter worth approximately $1,456,768,000. Charles Schwab Investment Management Inc. grew 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 in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Prologis by 13.0% in the first 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 purchasing an additional 1,146,454 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Prologis by 7.0% in the first quarter. Goldman Sachs Group Inc. now owns 7,790,241 shares of the real estate investment trust’s stock worth $870,871,000 after purchasing an additional 507,367 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 500 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $123.14, for a total value of $61,570.00. Following the completion of the sale, the director owned 8,829 shares in the company, valued at $1,087,203.06. This represents a 5.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total value of $2,783,250.00. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 27,000 shares of company stock valued at $3,013,665. Insiders own 0.57% of the company’s stock.

Prologis Stock Performance

Shares of PLD opened at $123.99 on Wednesday. Prologis, Inc. has a one year low of $85.35 and a one year high of $127.50. The company has a 50-day moving average of $117.26 and a two-hundred day moving average of $110.56. The stock has a market cap of $115.17 billion, a price-to-earnings ratio of 36.15, a PEG ratio of 3.13 and a beta of 1.28. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.65.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.05. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business posted $1.43 EPS. The company’s revenue was up 8.6% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, equities research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.3%. Prologis’s dividend payout ratio (DPR) is presently 117.78%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PLD shares. Barclays decreased their target price 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. Wells Fargo & Company increased their target price on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. UBS Group set a $137.00 price objective on shares of Prologis and gave the company a “buy” rating in a report on Tuesday, October 21st. Scotiabank set a $114.00 price target on Prologis and gave the company a “sector perform” rating in a research note on Wednesday, August 27th. Finally, Citigroup decreased their price target on Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.56.

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.