Prologis, Inc. $PLD Stock Holdings Increased by Archford Capital Strategies LLC

Archford Capital Strategies LLC raised its stake in Prologis, Inc. (NYSE:PLD) by 12.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,415 shares of the real estate investment trust’s stock after buying an additional 262 shares during the period. Archford Capital Strategies LLC’s holdings in Prologis were worth $254,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PLD. Activest Wealth Management boosted 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 purchasing an additional 223 shares during the period. Pandora Wealth Inc. acquired a new stake in shares of Prologis during the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. acquired a new position in Prologis in the 1st quarter worth approximately $34,000. Saudi Central Bank purchased a new position in Prologis during the 1st quarter worth approximately $41,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Prologis in the first quarter worth $43,000. 93.50% of the stock is owned by institutional investors.

Prologis Stock Down 0.1%

PLD opened at $114.11 on Tuesday. The business has a 50 day moving average of $110.53 and a 200-day moving average of $107.47. The stock has a market capitalization of $105.92 billion, a price-to-earnings ratio of 30.92, a P/E/G ratio of 2.88 and a beta of 1.26. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $127.65.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) 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 analyst estimates of $2.03 billion. During the same period last year, the business posted $1.34 EPS. The business’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, sell-side analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is 109.49%.

Insiders Place Their Bets

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were 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 directly owned 414 shares of the company’s stock, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of Prologis 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 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company set a $137.00 target price on Prologis and gave the company an “overweight” rating in a research note on Sunday, July 13th. Scotiabank set a $114.00 price target on shares of Prologis and gave the stock a “sector perform” rating in a research note on Wednesday, August 27th. Citigroup cut 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. Bank of America raised shares of Prologis from a “neutral” rating to a “buy” rating and raised their price objective for the company from $118.00 to $130.00 in a research report on Tuesday, September 16th. Finally, Wall Street Zen downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average price target of $122.58.

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.