Stance Capital LLC Acquires Shares of 11,998 Prologis, Inc. $PLD

Stance Capital LLC acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,998 shares of the real estate investment trust’s stock, valued at approximately $1,261,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Activest Wealth Management grew its holdings in Prologis by 637.1% in the 1st 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. GKV Capital Management Co. Inc. bought a new stake in Prologis during the 1st quarter valued at $34,000. Saudi Central Bank acquired a new position in Prologis during the 1st quarter worth $41,000. Barrett & Company Inc. acquired a new position in Prologis during the 2nd quarter worth $44,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Prologis in the second quarter worth $44,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Trading Down 0.3%

Shares of PLD opened at $130.18 on Monday. The business’s 50-day moving average price is $124.36 and its 200 day moving average price is $114.73. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $120.92 billion, a P/E ratio of 37.95, a P/E/G ratio of 4.00 and a beta of 1.39. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $131.70.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS 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 $2.21 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the company posted $1.43 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $1.01 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s dividend payout ratio is presently 117.78%.

Insider Activity at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 1,621 shares of company stock valued at $198,655 over the last ninety days. Company insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

PLD has been the subject of several research analyst reports. Scotiabank upped their price objective on shares of Prologis from $127.00 to $133.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. UBS Group set a $138.00 price target on shares of Prologis in a research note on Thursday, December 4th. Bank of America upgraded shares of Prologis from a “neutral” rating to a “buy” rating and raised their price objective for the company from $118.00 to $130.00 in a research note on Tuesday, September 16th. Barclays dropped their target price on Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a report on Monday, September 15th. Finally, Wells Fargo & Company increased their price target on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $126.88.

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.