Prologis, Inc. $PLD Stake Lessened by Impax Asset Management Group plc

Impax Asset Management Group plc lessened its holdings in Prologis, Inc. (NYSE:PLD) by 14.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 214,436 shares of the real estate investment trust’s stock after selling 34,829 shares during the period. Impax Asset Management Group plc’s holdings in Prologis were worth $22,542,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PLD. Stratos Wealth Partners LTD. lifted its stake in Prologis by 0.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after acquiring an additional 93 shares in the last quarter. Michael S. Ryan Inc. increased its holdings 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 valued at $348,000 after purchasing an additional 94 shares during the period. LaSalle St. Investment Advisors LLC increased its holdings in shares of Prologis by 3.7% in 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 purchasing an additional 96 shares during the period. Van Hulzen Asset Management LLC lifted its position in shares of Prologis by 5.6% in the first quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock worth $201,000 after purchasing an additional 96 shares in the last quarter. Finally, Palogic Value Management L.P. lifted its position in shares of Prologis by 4.7% in the second quarter. Palogic Value Management L.P. now owns 2,130 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 96 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Performance

PLD stock opened at $124.87 on Thursday. The firm has a 50 day moving average of $118.73 and a two-hundred day moving average of $111.49. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $127.50. The company has a market capitalization of $115.98 billion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 3.13 and a beta of 1.29. The company has a quick ratio of 0.65, a current ratio of 0.64 and a debt-to-equity ratio of 0.62.

Prologis (NYSE:PLD) last released its quarterly earnings data 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 business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. Prologis’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. As a group, equities analysts anticipate that Prologis, Inc. will post 5.73 EPS 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 paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 16th. Prologis’s dividend payout ratio is 117.78%.

Analyst Ratings Changes

A number of research analysts recently commented on PLD shares. Truist Financial reaffirmed a “buy” rating and set a $131.00 price objective (up from $120.00) on shares of Prologis in a research report on Monday, October 20th. Citigroup decreased their target price on shares of Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company boosted their price target on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Industrial Alliance Securities set a $119.00 price objective on Prologis in a report on Monday, October 20th. Finally, Bank of America raised Prologis from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $118.00 to $130.00 in a research report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $125.39.

Insider Transactions at Prologis

In related news, Director Cristina Gabriela Bita sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total value of $111,000.00. Following the transaction, the director directly owned 9,829 shares of the company’s stock, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 414 shares of the company’s stock, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 27,000 shares of company stock worth $3,013,665. 0.57% of the stock is currently owned by insiders.

Prologis 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.