Prologis, Inc. $PLD Shares Sold by Sachetta LLC

Sachetta LLC cut its stake in Prologis, Inc. (NYSE:PLD) by 27.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 575 shares of the real estate investment trust’s stock after selling 220 shares during the period. Sachetta LLC’s holdings in Prologis were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PLD. Activest Wealth Management raised its position in Prologis by 637.1% during the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 223 shares during the last quarter. Pandora Wealth Inc. purchased a new position in Prologis during the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. purchased a new position in Prologis during 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 purchased a new position in Prologis during the 1st quarter worth approximately $43,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 500 shares of Prologis stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $115.69, for a total transaction of $57,845.00. Following the sale, the director owned 9,329 shares of the company’s stock, valued at $1,079,272.01. The trade was a 5.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction 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 sale, the chief accounting officer directly 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. In the last three months, insiders sold 26,500 shares of company stock valued at $2,952,095. 0.57% of the stock is owned by insiders.

Prologis Price Performance

NYSE:PLD opened at $115.95 on Wednesday. The firm has a market cap of $107.63 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 2.96 and a beta of 1.28. The company has a 50 day moving average price of $111.36 and a 200-day moving average price of $107.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $127.65.

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

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s payout ratio is presently 109.49%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PLD. Weiss Ratings reissued a “hold (c)” rating on shares of Prologis in a research report on Saturday, September 27th. Scotiabank set a $114.00 price target on shares of Prologis and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. UBS Group raised their price target on shares of Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Finally, Mizuho set a $118.00 target price on shares of Prologis and gave the company an “outperform” rating in a report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $122.58.

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.