Cbre Investment Management Listed Real Assets LLC Cuts Position in Prologis, Inc. $PLD

Cbre Investment Management Listed Real Assets LLC lowered its holdings in shares of Prologis, Inc. (NYSE:PLD) by 9.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,633,837 shares of the real estate investment trust’s stock after selling 161,060 shares during the period. Prologis makes up about 2.6% of Cbre Investment Management Listed Real Assets LLC’s holdings, making the stock its 9th biggest position. Cbre Investment Management Listed Real Assets LLC owned 0.18% of Prologis worth $171,749,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its stake in shares of Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 223 shares in the last quarter. Pandora Wealth Inc. acquired a new stake in Prologis in the first quarter worth $34,000. GKV Capital Management Co. Inc. bought a new stake in Prologis in the first quarter valued at $34,000. Saudi Central Bank acquired a new position in shares of Prologis during the first quarter valued at about $41,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Prologis by 63.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 152 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total transaction of $111,000.00. Following the sale, the director directly owned 9,829 shares in the company, valued at $1,091,019. The trade was a 9.23% decrease in their position. The transaction 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 dated 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 sale, the chief accounting officer owned 414 shares of the company’s stock, valued at $46,090.62. This trade represents a 98.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,000 shares of company stock valued at $3,013,665 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Prologis Stock Up 0.2%

PLD opened at $124.09 on Friday. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $127.50. The firm has a market capitalization of $115.26 billion, a P/E ratio of 36.18, a PEG ratio of 3.13 and a beta of 1.29. The company’s 50-day moving average is $117.71 and its 200 day moving average is $110.74. 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, beating the consensus estimate 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 for the quarter was up 8.6% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

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 $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 3.3%. Prologis’s payout ratio is currently 117.78%.

Wall Street Analyst Weigh In

PLD has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Prologis in a research report on Wednesday, October 8th. Industrial Alliance Securities set a $119.00 price objective on shares of Prologis in a report on Monday, October 20th. Citigroup reduced their price objective on shares of Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Mizuho set a $118.00 target price on shares of Prologis and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Finally, UBS Group set a $137.00 price target on shares of Prologis and gave the company a “buy” rating in a research report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.56.

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.