Community Financial Services Group LLC Purchases 168 Shares of Prologis, Inc. $PLD

Community Financial Services Group LLC grew its position in shares of Prologis, Inc. (NYSE:PLD) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,219 shares of the real estate investment trust’s stock after purchasing an additional 168 shares during the quarter. Community Financial Services Group LLC’s holdings in Prologis were worth $6,015,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Prologis by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust’s stock valued at $13,564,533,000 after purchasing an additional 869,310 shares during the last quarter. Nuveen LLC bought a new position in shares of Prologis during the 1st quarter valued at about $1,456,768,000. Charles Schwab Investment Management Inc. increased its position in shares of Prologis by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,495,932 shares of the real estate investment trust’s stock valued at $1,173,340,000 after purchasing an additional 93,201 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Prologis by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust’s stock valued at $1,113,994,000 after acquiring an additional 1,146,454 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Prologis by 7.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,790,241 shares of the real estate investment trust’s stock valued at $870,871,000 after acquiring an additional 507,367 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PLD shares. Mizuho set a $118.00 target price on Prologis and gave the company an “outperform” rating in a report on Tuesday, August 19th. Barclays dropped their target price on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a report on Monday, September 15th. Citigroup dropped their target price on Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Bank of America upgraded 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. Finally, Evercore ISI increased their target price on Prologis from $111.00 to $113.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.58.

Prologis Trading Up 1.7%

NYSE PLD opened at $116.47 on Thursday. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $127.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a 50 day simple moving average of $110.77 and a two-hundred day simple moving average of $107.58. The stock has a market cap of $108.11 billion, a P/E ratio of 31.56, a price-to-earnings-growth ratio of 2.89 and a beta of 1.28.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the business posted $1.34 EPS. The business’s revenue was up 8.8% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is presently 109.49%.

Insider Buying and Selling

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the firm’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 transaction, the chief accounting officer owned 414 shares in the company, valued at $46,090.62. This trade represents a 98.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director 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 disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Prologis Company 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.