Resources Management Corp CT ADV Lowers Position in Prologis, Inc. $PLD

Resources Management Corp CT ADV cut its holdings in Prologis, Inc. (NYSE:PLD) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,315 shares of the real estate investment trust’s stock after selling 899 shares during the quarter. Resources Management Corp CT ADV’s holdings in Prologis were worth $3,277,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. REAP Financial Group LLC lifted its position in shares of Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 84 shares during the last quarter. LaSalle St. Investment Advisors LLC lifted its position in shares of Prologis by 3.7% during the first quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust’s stock valued at $300,000 after buying an additional 96 shares during the last quarter. Van Hulzen Asset Management LLC lifted its position in shares of Prologis by 5.6% during the first quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 96 shares during the last quarter. Sandler Capital Management lifted its position in shares of Prologis by 5.3% during the first quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 100 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its position in shares of Prologis by 5.2% during the first quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 104 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the transaction, the director owned 9,829 shares in the company, valued at approximately $1,091,019. This represents a 9.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer owned 414 shares in the company, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

Prologis Stock Performance

PLD opened at $113.57 on Friday. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The firm’s 50-day moving average price is $108.56 and its 200-day moving average price is $108.23. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. The company has a market cap of $105.42 billion, a P/E ratio of 30.78, a price-to-earnings-growth ratio of 2.85 and a beta of 1.26.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.05. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company earned $1.34 EPS. Prologis’s quarterly revenue was up 8.8% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, equities analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, September 16th. Prologis’s dividend payout ratio is 109.49%.

Analyst Ratings Changes

PLD has been the subject of several analyst reports. Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the company an “overweight” rating in a research report on Sunday, July 13th. Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. UBS Group upped their price objective on shares of Prologis from $106.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Mizuho set a $118.00 price objective on shares of Prologis and gave the company an “outperform” rating in a report on Tuesday, August 19th. Finally, Scotiabank set a $114.00 price objective on shares of Prologis and gave the company a “sector perform” rating in a report on Wednesday, August 27th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.83.

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.