Stance Capital LLC Buys Shares of 11,998 Prologis, Inc. $PLD

Stance Capital LLC purchased a new position in Prologis, Inc. (NYSE:PLD) during the second quarter, Holdings Channel.com reports. The firm purchased 11,998 shares of the real estate investment trust’s stock, valued at approximately $1,261,000.

A number of other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management grew its stake in Prologis by 637.1% in the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 223 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Prologis during the 1st quarter worth about $34,000. Saudi Central Bank acquired a new stake in shares of Prologis during the 1st quarter valued at about $41,000. Barrett & Company Inc. acquired a new stake in shares of Prologis during the 2nd quarter valued at about $44,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Prologis in the 2nd quarter valued at approximately $44,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

NYSE PLD opened at $130.18 on Monday. The stock has a market capitalization of $120.92 billion, a PE ratio of 37.95, a P/E/G ratio of 4.00 and a beta of 1.39. The stock has a 50-day simple moving average of $124.36 and a 200 day simple moving average of $114.73. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.64 and a current ratio of 0.64. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $131.70.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, topping the consensus estimate of $1.44 by $0.05. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s dividend payout ratio is currently 117.78%.

Insider Buying and Selling at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the sale, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 1,621 shares of company stock valued at $198,655 in the last three months. 0.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PLD has been the topic of several recent research reports. Wells Fargo & Company raised their price objective 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. Industrial Alliance Securities set a $119.00 price target on shares of Prologis in a report on Monday, October 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prologis in a report on Monday, December 8th. Barclays cut their target price on Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a report on Monday, September 15th. Finally, UBS Group set a $138.00 price target on Prologis in a research note on Thursday, December 4th. Two equities research 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $126.88.

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.