Baldwin Wealth Partners LLC MA Acquires 560 Shares of Prologis, Inc. $PLD

Baldwin Wealth Partners LLC MA lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 0.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 87,990 shares of the real estate investment trust’s stock after purchasing an additional 560 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Prologis were worth $9,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLD. Brighton Jones LLC boosted its stake in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after acquiring an additional 15,078 shares during the period. Daymark Wealth Partners LLC bought a new position in shares of Prologis during the 1st quarter worth approximately $217,000. Farther Finance Advisors LLC boosted its stake in shares of Prologis by 5.8% during the 1st quarter. Farther Finance Advisors LLC now owns 7,533 shares of the real estate investment trust’s stock worth $840,000 after acquiring an additional 410 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Prologis by 14.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 22,630 shares of the real estate investment trust’s stock worth $2,530,000 after acquiring an additional 2,924 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Prologis by 24.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,107 shares of the real estate investment trust’s stock worth $347,000 after acquiring an additional 605 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Prologis

In other news, 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 value of $2,783,250.00. Following 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction 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 completion of the transaction, the director owned 9,829 shares in the company, valued at approximately $1,091,019. The trade was a 9.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock valued at $2,952,095 over the last ninety days. Insiders own 0.57% of the company’s stock.

Prologis Price Performance

Shares of NYSE PLD opened at $114.40 on Friday. The stock has a market capitalization of $106.24 billion, a PE ratio of 31.00, a P/E/G ratio of 2.93 and a beta of 1.28. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. The business has a fifty day moving average price of $111.66 and a two-hundred day moving average price of $107.77. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $127.65.

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

Prologis Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently weighed in on PLD. Barclays dropped their price target on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a report on Monday, September 15th. Mizuho set a $118.00 price target on Prologis and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Citigroup dropped their price target on Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Scotiabank set a $114.00 price target on Prologis and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. Finally, Evercore ISI lifted their price target on Prologis from $111.00 to $113.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.58.

About Prologis

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.