Prologis, Inc. $PLD Position Boosted by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. boosted its position in Prologis, Inc. (NYSE:PLD) by 11.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,444 shares of the real estate investment trust’s stock after buying an additional 1,666 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Prologis were worth $1,729,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Savant Capital LLC increased its holdings in shares of Prologis by 39.3% in the 2nd quarter. Savant Capital LLC now owns 17,422 shares of the real estate investment trust’s stock valued at $1,831,000 after acquiring an additional 4,919 shares during the last quarter. Texas Yale Capital Corp. boosted its holdings in Prologis by 1.7% in the second quarter. Texas Yale Capital Corp. now owns 50,109 shares of the real estate investment trust’s stock worth $5,267,000 after purchasing an additional 820 shares during the period. Headland Capital LLC increased its stake in Prologis by 5.8% during the second quarter. Headland Capital LLC now owns 46,328 shares of the real estate investment trust’s stock valued at $4,870,000 after purchasing an additional 2,537 shares during the last quarter. Raelipskie Partnership raised its holdings in shares of Prologis by 34.1% during the second quarter. Raelipskie Partnership now owns 8,266 shares of the real estate investment trust’s stock worth $869,000 after purchasing an additional 2,100 shares during the period. Finally, Washington Trust Bank lifted its position in shares of Prologis by 11.8% in the 2nd quarter. Washington Trust Bank now owns 54,157 shares of the real estate investment trust’s stock worth $5,693,000 after buying an additional 5,730 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling

In related news, 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 transaction of $2,783,250.00. Following the sale, the chief accounting officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cristina Gabriela Bita sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $123.14, for a total value of $61,570.00. Following the completion of the sale, the director owned 8,829 shares of the company’s stock, valued at $1,087,203.06. This trade represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 27,000 shares of company stock valued at $3,013,665. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PLD shares. Evercore ISI boosted their price objective on shares of Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a research report on Thursday, October 16th. Barclays decreased their target price on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research note on Monday, September 15th. UBS Group set a $137.00 price target on Prologis and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Industrial Alliance Securities set a $119.00 price objective on Prologis in a research report on Monday, October 20th. Finally, Citigroup lowered their price objective on Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.56.

Prologis Trading Up 1.3%

Shares of PLD stock opened at $125.57 on Monday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $127.50. The firm has a market capitalization of $116.64 billion, a PE ratio of 36.61, a price-to-earnings-growth ratio of 3.13 and a beta of 1.29. The stock has a fifty day moving average of $117.94 and a two-hundred day moving average of $111.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.64.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 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 last year, the company earned $1.43 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 16th. Prologis’s payout ratio is 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.