Divergent Planning LLC Makes New $1.82 Million Investment in Prologis, Inc. $PLD

Divergent Planning LLC bought a new position in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,301 shares of the real estate investment trust’s stock, valued at approximately $1,819,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management raised its stake in Prologis by 637.1% during the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 223 shares during the period. Pandora Wealth Inc. bought a new stake in shares of Prologis during the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of Prologis during the first quarter worth approximately $34,000. Saudi Central Bank bought a new position in shares of Prologis in the 1st quarter worth $41,000. Finally, Olde Wealth Management LLC acquired a new stake in Prologis in the 1st quarter valued at $43,000. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Prologis

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer owned 414 shares in the company, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Cristina Gabriela Bita sold 500 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $115.69, for a total value of $57,845.00. Following the completion of the transaction, the director owned 9,329 shares of the company’s stock, 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. In the last 90 days, insiders have sold 26,500 shares of company stock worth $2,952,095. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PLD shares. Mizuho set a $118.00 price objective on shares of Prologis and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Prologis in a research report on Wednesday, October 8th. UBS Group boosted their price objective on Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Wells Fargo & Company set a $137.00 target price on Prologis and gave the company an “overweight” rating in a report on Sunday, July 13th. Finally, Evercore ISI lifted their target price on Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a research report on Thursday, October 16th. Two 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. According to data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $123.50.

Prologis Price Performance

Shares of NYSE:PLD opened at $127.33 on Tuesday. The firm has a market capitalization of $118.24 billion, a PE ratio of 37.12, a P/E/G ratio of 3.13 and a beta of 1.28. 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 company has a 50-day moving average price of $113.58 and a two-hundred day moving average price of $108.28. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $127.47.

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 analysts’ consensus estimates 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 analyst estimates of $2.03 billion. During the same period in the previous year, the company posted $1.43 EPS. The firm’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. Equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

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. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. Prologis’s dividend payout ratio is presently 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.