Prologis, Inc. $PLD Shares Sold by CVA Family Office LLC

CVA Family Office LLC lowered its stake in Prologis, Inc. (NYSE:PLD) by 29.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,186 shares of the real estate investment trust’s stock after selling 504 shares during the period. CVA Family Office LLC’s holdings in Prologis were worth $125,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Activest Wealth Management lifted its stake 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 worth $29,000 after acquiring an additional 223 shares during the period. Pandora Wealth Inc. purchased a new position in Prologis during the first quarter worth about $34,000. GKV Capital Management Co. Inc. acquired a new stake in Prologis in the first quarter valued at about $34,000. Saudi Central Bank purchased a new stake in Prologis in the 1st quarter valued at approximately $41,000. Finally, Olde Wealth Management LLC acquired a new position in Prologis during the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the 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 owned 414 shares of the company’s stock, valued at $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cristina Gabriela Bita sold 500 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $115.69, for a total transaction of $57,845.00. Following the completion of the transaction, the director directly 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 disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock worth $2,952,095 over the last 90 days. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wells Fargo & Company set a $137.00 price target on Prologis and gave the company an “overweight” rating in a report on Sunday, July 13th. Scotiabank set a $114.00 target price on Prologis and gave the company a “sector perform” rating in a report on Wednesday, August 27th. BMO Capital Markets raised shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price target on the stock in a research note on Monday, October 20th. UBS Group set a $137.00 price target on shares of Prologis and gave the company a “buy” rating in a report on Tuesday. Finally, Bank of America upgraded 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 note on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.44.

Prologis Stock Performance

NYSE:PLD opened at $126.60 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $117.57 billion, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 3.20 and a beta of 1.28. The firm has a 50-day moving average price of $115.20 and a two-hundred day moving average price of $109.13. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $127.50.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, beating the consensus estimate of $1.44 by $0.05. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business earned $1.43 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. As a group, research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s payout ratio is 117.78%.

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.