Cookson Peirce & Co. Inc. Has $670,000 Stake in Prologis, Inc. $PLD

Cookson Peirce & Co. Inc. increased its position in Prologis, Inc. (NYSE:PLD) by 20.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,369 shares of the real estate investment trust’s stock after purchasing an additional 1,068 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Prologis were worth $670,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its stake in shares of Prologis by 169.4% during the 2nd quarter. D.A. Davidson & CO. now owns 503,191 shares of the real estate investment trust’s stock valued at $52,896,000 after buying an additional 316,443 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of Prologis by 17.2% in the second quarter. Cullen Frost Bankers Inc. now owns 64,523 shares of the real estate investment trust’s stock worth $6,783,000 after acquiring an additional 9,473 shares during the last quarter. Divergent Planning LLC purchased a new stake in shares of Prologis during the second quarter worth $1,819,000. Liberty One Investment Management LLC boosted its position in Prologis by 8.9% during the second quarter. Liberty One Investment Management LLC now owns 47,402 shares of the real estate investment trust’s stock valued at $4,983,000 after purchasing an additional 3,865 shares during the last quarter. Finally, VCI Wealth Management LLC boosted its position in Prologis by 13.1% during the second quarter. VCI Wealth Management LLC now owns 14,409 shares of the real estate investment trust’s stock valued at $1,515,000 after purchasing an additional 1,674 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Down 0.1%

Shares of PLD opened at $125.91 on Thursday. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $127.50. The company has a quick ratio of 0.65, a current ratio of 0.20 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $116.93 billion, a price-to-earnings ratio of 36.71, a P/E/G ratio of 3.20 and a beta of 1.28. The stock’s 50-day moving average price is $114.40 and its 200 day moving average price is $108.52.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.05. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 earnings per share. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. As a group, research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current 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 dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s payout ratio is presently 117.78%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BMO Capital Markets raised Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective for the company in a research report on Monday. Citigroup reduced their price objective on Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Mizuho set a $118.00 price objective on Prologis and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Truist Financial reissued a “buy” rating and set a $131.00 price objective (up previously from $120.00) on shares of Prologis in a research report on Monday. Finally, UBS Group set a $137.00 price objective on Prologis and gave the company a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.44.

Insider Buying and Selling

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of Prologis 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 sale, the chief accounting officer directly owned 414 shares of the company’s stock, valued at approximately $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cristina Gabriela Bita sold 500 shares of Prologis stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $115.69, for a total value of $57,845.00. Following the sale, the director directly owned 9,329 shares in the company, valued at $1,079,272.01. The trade was a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,500 shares of company stock worth $2,952,095 over the last ninety days. Company insiders own 0.57% of the company’s stock.

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.