Prologis, Inc. $PLD Shares Acquired by Woodward Diversified Capital LLC

Woodward Diversified Capital LLC increased its stake in Prologis, Inc. (NYSE:PLD) by 83.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 5,164 shares of the real estate investment trust’s stock after buying an additional 2,348 shares during the period. Woodward Diversified Capital LLC’s holdings in Prologis were worth $543,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Michael S. Ryan Inc. increased its holdings 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 acquiring an additional 94 shares during the period. LaSalle St. Investment Advisors LLC increased its stake in shares of Prologis by 3.7% in the first quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 96 shares during the period. Van Hulzen Asset Management LLC increased its stake in shares of Prologis by 5.6% in the first quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock valued at $201,000 after purchasing an additional 96 shares during the period. Sandler Capital Management increased its stake in shares of Prologis by 5.3% in the first quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 100 shares during the period. Finally, Sunflower Bank N.A. increased its stake in shares of Prologis by 3.9% in the second quarter. Sunflower Bank N.A. now owns 2,697 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 100 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLD has been the topic of several analyst reports. Mizuho set a $118.00 target price on Prologis and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Citigroup lowered their price target on Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. UBS Group raised their price target on Prologis from $106.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Scotiabank set a $114.00 target price on shares of Prologis and gave the company a “sector perform” rating in a research note on Wednesday, August 27th. Finally, Evercore ISI raised their target price on shares of Prologis from $111.00 to $113.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average target price of $122.58.

Prologis Stock Performance

Shares of PLD opened at $116.47 on Thursday. The firm’s 50 day moving average is $110.77 and its 200-day moving average is $107.58. The stock has a market capitalization of $108.11 billion, a P/E ratio of 31.56, a P/E/G ratio of 2.89 and a beta of 1.28. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $127.65.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.05. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Equities research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 3.5%. The ex-dividend date was Tuesday, September 16th. Prologis’s payout ratio is presently 109.49%.

Insiders Place Their Bets

In related news, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total value of $111,000.00. Following the transaction, the director directly owned 9,829 shares in the company, valued at $1,091,019. The trade was a 9.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $2,783,250.00. Following the completion of the transaction, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

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.