Securian Asset Management Inc. Has $5.09 Million Holdings in Prologis, Inc. $PLD

Securian Asset Management Inc. cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 1.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 48,414 shares of the real estate investment trust’s stock after selling 687 shares during the quarter. Securian Asset Management Inc.’s holdings in Prologis were worth $5,089,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PLD. Activest Wealth Management increased its holdings in shares of Prologis by 637.1% during the first 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 in the last quarter. Pandora Wealth Inc. acquired a new position in shares of Prologis during the first quarter worth $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of Prologis during the first quarter worth $34,000. Saudi Central Bank acquired a new position in shares of Prologis during the first quarter worth $41,000. Finally, Olde Wealth Management LLC acquired a new position in shares of Prologis during the first quarter worth $43,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Performance

NYSE PLD opened at $127.33 on Tuesday. The company has a market capitalization of $118.24 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 3.13 and a beta of 1.28. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $127.47. The stock has a fifty day simple moving average of $113.58 and a 200 day simple moving average of $108.28. The company has a quick ratio of 0.65, a current ratio of 0.20 and a debt-to-equity ratio of 0.62.

Prologis (NYSE:PLD) last issued 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 return on equity of 5.55% and a net margin of 36.71%.The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the business posted $1.43 EPS. The business’s 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. Sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The firm also recently declared 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. This represents a $4.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is presently 117.78%.

Insider Transactions at Prologis

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction dated 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 completion of the sale, the chief accounting officer directly owned 414 shares in the company, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Cristina Gabriela Bita sold 500 shares of the 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 sale, the director owned 9,329 shares of the company’s stock, valued at approximately $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. Over the last quarter, insiders have sold 26,500 shares of company stock valued at $2,952,095. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a report on Thursday, October 16th. Scotiabank set a $114.00 price objective on Prologis and gave the company a “sector perform” rating in a report on Wednesday, August 27th. BMO Capital Markets upgraded 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. Bank of America upgraded Prologis from a “neutral” rating to a “buy” rating and increased their price objective for the company from $118.00 to $130.00 in a report on Tuesday, September 16th. Finally, Truist Financial restated a “buy” rating and issued a $131.00 price objective (up from $120.00) on shares of Prologis in a report on Monday. 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, the company has an average rating of “Moderate Buy” and an average price target of $123.50.

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.