Prologis, Inc. $PLD Shares Acquired by Chilton Capital Management LLC

Chilton Capital Management LLC raised its stake in Prologis, Inc. (NYSE:PLD) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 191,613 shares of the real estate investment trust’s stock after purchasing an additional 1,689 shares during the quarter. Chilton Capital Management LLC’s holdings in Prologis were worth $20,142,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Activest Wealth Management raised its holdings 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 purchasing an additional 223 shares during the period. Pandora Wealth Inc. acquired a new stake in Prologis during the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. acquired a new stake in Prologis during the 1st quarter worth approximately $34,000. Saudi Central Bank purchased a new position in Prologis in the first quarter valued at approximately $41,000. Finally, Olde Wealth Management LLC acquired a new position in Prologis during the first quarter valued at approximately $43,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company set a $137.00 target price on Prologis and gave the company an “overweight” rating in a research note on Sunday, July 13th. Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Citigroup dropped their target price on shares of Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Scotiabank set a $114.00 price target on Prologis and gave the stock a “sector perform” rating in a research note on Wednesday, August 27th. Finally, BMO Capital Markets upgraded Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective on the stock in a research note on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus price target of $124.44.

Insider Buying and Selling at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 500 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $115.69, for a total transaction of $57,845.00. Following the completion of the sale, the director directly owned 9,329 shares in the company, valued at approximately $1,079,272.01. This trade represents a 5.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the transaction, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,500 shares of company stock worth $2,952,095. Company insiders own 0.57% of the company’s stock.

Prologis Trading Up 0.7%

Shares of PLD stock opened at $126.60 on Friday. The firm has a market capitalization of $117.57 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 3.20 and a beta of 1.28. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.20. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $127.50. The stock has a fifty day moving average of $115.20 and a two-hundred day moving average of $109.13.

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. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter 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 EPS for the current year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.2%. Prologis’s dividend payout ratio (DPR) is currently 117.78%.

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.