Prudent Man Advisors LLC Raises Stake in Prologis, Inc. $PLD

Prudent Man Advisors LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 9.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 22,116 shares of the real estate investment trust’s stock after purchasing an additional 1,891 shares during the quarter. Prologis comprises approximately 0.7% of Prudent Man Advisors LLC’s holdings, making the stock its 25th largest holding. Prudent Man Advisors LLC’s holdings in Prologis were worth $2,325,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management grew its holdings in shares of 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 purchasing an additional 223 shares during the period. Pandora Wealth Inc. acquired a new position in Prologis during the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. acquired a new position in Prologis during the 1st quarter worth approximately $34,000. Saudi Central Bank acquired a new position in Prologis during the 1st quarter worth approximately $41,000. Finally, Olde Wealth Management LLC acquired a new position in Prologis during the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling

In other news, Director Cristina Gabriela Bita sold 500 shares of the business’s stock in a transaction that occurred on 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 sale, the director directly owned 9,329 shares in the company, valued at approximately $1,079,272.01. The trade was a 5.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction that occurred on 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 owned 414 shares of the company’s stock, valued at $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock valued at $2,952,095 over the last quarter. Company insiders own 0.57% of the company’s stock.

Prologis Stock Performance

Shares of PLD opened at $126.60 on Friday. The business’s 50 day moving average is $115.20 and its two-hundred day moving average is $109.13. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $127.50. The firm has a market cap of $117.57 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 3.20 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.

Prologis (NYSE:PLD) last announced its earnings results 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 prior year, the company posted $1.43 EPS. Prologis’s quarterly revenue was up 8.6% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The company 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. 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%.

Analysts Set New Price Targets

PLD has been the topic of several recent research reports. BMO Capital Markets raised Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price target on the stock in a research report on Monday, October 20th. Industrial Alliance Securities set a $119.00 price target on Prologis in a research report on Monday, October 20th. Evercore ISI boosted their price target on Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a research report on Thursday, October 16th. Citigroup reduced their price target on Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Finally, Truist Financial reissued a “buy” rating and set a $131.00 price target (up from $120.00) on shares of Prologis in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $124.44.

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.