Prologis, Inc. $PLD Shares Purchased by Torray Investment Partners LLC

Torray Investment Partners LLC lifted its holdings in Prologis, Inc. (NYSE:PLD) by 218.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,500 shares of the real estate investment trust’s stock after purchasing an additional 95,760 shares during the quarter. Prologis comprises about 2.1% of Torray Investment Partners LLC’s portfolio, making the stock its 20th biggest position. Torray Investment Partners LLC’s holdings in Prologis were worth $14,664,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Stratos Wealth Partners LTD. boosted its position in shares of Prologis by 0.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after purchasing an additional 93 shares in the last quarter. Michael S. Ryan Inc. boosted its position in shares of Prologis by 2.9% in the 2nd quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust’s stock worth $348,000 after purchasing an additional 94 shares in the last quarter. LaSalle St. Investment Advisors LLC boosted its position in shares of Prologis by 3.7% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 96 shares in the last quarter. Van Hulzen Asset Management LLC boosted its position in shares of Prologis by 5.6% in the 1st quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock worth $201,000 after purchasing an additional 96 shares in the last quarter. Finally, Palogic Value Management L.P. boosted its position in shares of Prologis by 4.7% in the 2nd quarter. Palogic Value Management L.P. now owns 2,130 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

NYSE PLD opened at $124.31 on Monday. The stock has a 50-day simple moving average of $116.76 and a two-hundred day simple moving average of $110.25. The firm has a market capitalization of $115.44 billion, a P/E ratio of 36.24, a PEG ratio of 3.13 and a beta of 1.28. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $127.50. 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 released its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, equities analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a dividend of $1.01 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.3%. 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 Prologis 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 transaction, the chief accounting officer owned 414 shares in the company, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the transaction, the director owned 9,829 shares of the company’s stock, valued at $1,091,019. The trade was a 9.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,500 shares of company stock valued at $2,952,095 in the last quarter. Company insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PLD. Weiss Ratings reissued a “hold (c)” rating on shares of Prologis in a research report on Wednesday, October 8th. Truist Financial reaffirmed a “buy” rating and set a $131.00 price target (up previously from $120.00) on shares of Prologis in a research report on Monday, October 20th. Wells Fargo & Company lifted their price target on Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Industrial Alliance Securities set a $119.00 price target on Prologis in a research report on Monday, October 20th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $124.56.

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.