Prologis, Inc. $PLD is Vert Asset Management LLC’s 5th Largest Position

Vert Asset Management LLC lifted its holdings in Prologis, Inc. (NYSE:PLD) by 6.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 184,251 shares of the real estate investment trust’s stock after purchasing an additional 11,176 shares during the quarter. Prologis comprises about 7.1% of Vert Asset Management LLC’s holdings, making the stock its 5th biggest position. Vert Asset Management LLC’s holdings in Prologis were worth $19,368,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Michael S. Ryan Inc. increased its position in shares of Prologis by 2.9% during the second quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust’s stock worth $348,000 after acquiring an additional 94 shares during the period. LaSalle St. Investment Advisors LLC increased its position in shares of Prologis by 3.7% during the first quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust’s stock worth $300,000 after acquiring an additional 96 shares during the period. Van Hulzen Asset Management LLC increased its position in shares of Prologis by 5.6% during 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 acquiring an additional 96 shares during the period. Sandler Capital Management increased its position in shares of Prologis by 5.3% during the first quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust’s stock worth $224,000 after acquiring an additional 100 shares during the period. Finally, Sunflower Bank N.A. increased its position in shares of Prologis by 3.9% during the second quarter. Sunflower Bank N.A. now owns 2,697 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Activity

In other news, Director Cristina Gabriela Bita sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total value of $111,000.00. Following the completion of the sale, the director directly owned 9,829 shares of the company’s stock, valued at approximately $1,091,019. The trade was a 9.23% decrease in their position. The transaction was disclosed in a document filed 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 dated Tuesday, August 26th. The shares were 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 directly owned 414 shares of the company’s stock, 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. 0.57% of the stock is currently owned by insiders.

Prologis Stock Performance

NYSE:PLD opened at $116.47 on Thursday. The firm has a market capitalization of $108.11 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 2.89 and a beta of 1.28. The business’s fifty day moving average price is $110.77 and its 200 day moving average price is $107.58. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $127.65.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, beating the consensus estimate of $1.41 by $0.05. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.Prologis’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, sell-side analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s payout ratio is presently 109.49%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PLD. Mizuho set a $118.00 price objective on Prologis and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Barclays cut their price objective on Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research report on Monday, September 15th. Citigroup cut their price objective on Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen lowered Prologis from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Finally, Bank of America raised Prologis from a “neutral” rating to a “buy” rating and increased their target price for the company from $118.00 to $130.00 in a report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.58.

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.