Greykasell Wealth Strategies Inc. Sells 419 Shares of Prologis, Inc. $PLD

Greykasell Wealth Strategies Inc. decreased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,744 shares of the real estate investment trust’s stock after selling 419 shares during the period. Greykasell Wealth Strategies Inc.’s holdings in Prologis were worth $1,550,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Activest Wealth Management boosted 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 valued at $29,000 after purchasing an additional 223 shares in the last quarter. Pandora Wealth Inc. bought a new position in Prologis during the 1st quarter valued at about $34,000. GKV Capital Management Co. Inc. bought a new position in Prologis during the 1st quarter valued at about $34,000. Saudi Central Bank acquired a new position in Prologis in the first quarter valued at about $41,000. Finally, Barrett & Company Inc. bought a new stake in Prologis during the second quarter worth about $44,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Price Performance

Shares of PLD stock opened at $123.63 on Tuesday. 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, Inc. has a 12 month low of $85.35 and a 12 month high of $127.50. The firm has a market cap of $114.83 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 3.13 and a beta of 1.29. The stock has a 50-day moving average price of $119.34 and a 200 day moving average price of $111.98.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 $2.21 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. Prologis’s revenue for the quarter was up 8.6% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Research analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The business also recently announced 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. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.3%. Prologis’s dividend payout ratio (DPR) is 117.78%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. BMO Capital Markets raised shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective for the company in a report on Monday, October 20th. Mizuho set a $118.00 price target on Prologis and gave the company an “outperform” rating in a report on Tuesday, August 19th. Wells Fargo & Company lifted their price objective on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. UBS Group set a $133.00 price objective on Prologis in a research note on Monday, November 10th. Finally, Barclays decreased their target price on Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.39.

Insider Activity

In related news, Director Cristina Gabriela Bita sold 1,000 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the completion of the sale, the director owned 9,829 shares in the company, valued at $1,091,019. This represents a 9.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer directly owned 414 shares in the company, valued at approximately $46,090.62. This represents a 98.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,000 shares of company stock valued at $3,013,665 over the last 90 days. Corporate 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.