Advocate Group LLC Purchases 1,524 Shares of Prologis, Inc. $PLD

Advocate Group LLC lifted its position in Prologis, Inc. (NYSE:PLD) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,852 shares of the real estate investment trust’s stock after acquiring an additional 1,524 shares during the period. Advocate Group LLC’s holdings in Prologis were worth $4,084,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Michael S. Ryan Inc. raised its position in shares of Prologis by 2.9% in the 2nd quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust’s stock worth $348,000 after acquiring an additional 94 shares in the last quarter. LaSalle St. Investment Advisors LLC increased its position in Prologis by 3.7% during the 1st 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 in the last quarter. Van Hulzen Asset Management LLC increased its position in Prologis by 5.6% during the 1st 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 in the last quarter. Sandler Capital Management increased its position in Prologis by 5.3% during the 1st 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 in the last quarter. Finally, Sunflower Bank N.A. increased its position in Prologis by 3.9% during the 2nd quarter. Sunflower Bank N.A. now owns 2,697 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 100 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PLD shares. Barclays reduced their price objective on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research report on Monday, September 15th. Evercore ISI raised their price objective on Prologis from $111.00 to $113.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Wells Fargo & Company set a $137.00 price objective on Prologis and gave the company an “overweight” rating in a research report on Sunday, July 13th. Scotiabank set a $114.00 target price on Prologis and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. Finally, Bank of America raised Prologis from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $118.00 to $130.00 in a report on Tuesday, September 16th. 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.58.

Prologis Stock Performance

PLD stock opened at $111.29 on Friday. The company has a market cap of $103.35 billion, a P/E ratio of 30.16, a price-to-earnings-growth ratio of 2.81 and a beta of 1.28. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $127.65. 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 stock’s fifty day moving average price is $111.79 and its 200-day moving average price is $107.76.

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

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is 109.49%.

Insiders Place Their Bets

In related news, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total transaction of $111,000.00. Following the transaction, the director directly owned 9,829 shares in the company, valued at approximately $1,091,019. The trade was a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction on Tuesday, August 26th. The shares were 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 $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,500 shares of company stock worth $2,952,095. Company insiders own 0.57% of the company’s stock.

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.