Headland Capital LLC Has $4.87 Million Stock Position in Prologis, Inc. $PLD

Headland Capital LLC grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 5.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 46,328 shares of the real estate investment trust’s stock after acquiring an additional 2,537 shares during the period. Prologis comprises 1.5% of Headland Capital LLC’s holdings, making the stock its 19th largest holding. Headland Capital LLC’s holdings in Prologis were worth $4,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PLD. Activest Wealth Management grew its position 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 buying an additional 223 shares during the last quarter. Pandora Wealth Inc. bought a new position in Prologis during the first quarter worth $34,000. GKV Capital Management Co. Inc. bought a new stake in Prologis during the first quarter valued at $34,000. Saudi Central Bank acquired a new stake in Prologis during the 1st quarter worth about $41,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Prologis by 63.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 152 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Industrial Alliance Securities set a $119.00 target price on Prologis in a report on Monday, October 20th. Barclays cut their target price on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research note on Monday, September 15th. Truist Financial restated a “buy” rating and issued a $131.00 price target (up from $120.00) on shares of Prologis in a report on Monday, October 20th. 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. Finally, Bank of America raised shares of Prologis from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $118.00 to $130.00 in a research report on Tuesday, September 16th. Two research 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $124.56.

Prologis Price Performance

Shares of NYSE PLD opened at $124.09 on Friday. The stock has a market cap of $115.26 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 3.13 and a beta of 1.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.64. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $127.50. The firm’s 50-day simple moving average is $117.71 and its 200 day simple moving average is $110.74.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.05. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Prologis had a return on equity of 5.55% and a net margin of 36.71%.Prologis’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. As a group, research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently declared 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. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.3%. Prologis’s dividend payout ratio (DPR) is presently 117.78%.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 500 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $123.14, for a total transaction of $61,570.00. Following the sale, the director directly owned 8,829 shares of the company’s stock, valued at $1,087,203.06. This represents a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the 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 transaction, the chief accounting officer owned 414 shares of the company’s stock, valued at $46,090.62. This represents a 98.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,000 shares of company stock valued at $3,013,665 over the last three months. Company 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.