Raelipskie Partnership Acquires 2,100 Shares of Prologis, Inc. $PLD

Raelipskie Partnership increased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 34.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 8,266 shares of the real estate investment trust’s stock after purchasing an additional 2,100 shares during the quarter. Raelipskie Partnership’s holdings in Prologis were worth $869,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management increased its stake in shares of Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 223 shares during the last quarter. Pandora Wealth Inc. acquired a new position in Prologis during the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. acquired a new position in Prologis during the first quarter valued at approximately $34,000. Saudi Central Bank bought a new stake in Prologis in the first quarter valued at approximately $41,000. Finally, Cornerstone Planning Group LLC raised its holdings in Prologis by 63.6% in the first quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 152 shares during the period. 93.50% of the stock is owned by institutional investors.

Prologis Stock Performance

NYSE PLD opened at $124.09 on Friday. The firm has a market capitalization of $115.26 billion, a P/E ratio of 36.18, a price-to-earnings-growth ratio of 3.13 and a beta of 1.29. The company has a current ratio of 0.64, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average price is $117.71 and its two-hundred day moving average price is $110.74. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $127.50.

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, topping the consensus estimate of $1.44 by $0.05. Prologis had a net margin of 36.71% and a return on equity of 5.55%. 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 previous year, the business earned $1.43 EPS. Prologis’s revenue for the quarter 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 anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.3%. Prologis’s payout ratio is presently 117.78%.

Insiders Place Their Bets

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction dated 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 transaction, the chief accounting officer directly owned 414 shares of the company’s stock, valued at $46,090.62. This represents a 98.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cristina Gabriela Bita sold 500 shares of Prologis 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 sale, the director directly owned 8,829 shares of the company’s stock, valued at approximately $1,087,203.06. The trade was a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 27,000 shares of company stock worth $3,013,665. 0.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Citigroup dropped 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Prologis in a report on Wednesday, October 8th. Industrial Alliance Securities set a $119.00 target price on Prologis in a research note on Monday, October 20th. BMO Capital Markets raised shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price target for the company in a research note on Monday, October 20th. Finally, Wells Fargo & Company boosted their price objective on shares of Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average 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.