Prologis, Inc. $PLD Position Increased by Aberdeen Group plc

Aberdeen Group plc increased its stake in Prologis, Inc. (NYSE:PLD) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,763,088 shares of the real estate investment trust’s stock after purchasing an additional 65,612 shares during the period. Aberdeen Group plc’s holdings in Prologis were worth $182,938,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management lifted its holdings 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 worth $29,000 after purchasing an additional 223 shares during the last quarter. Pandora Wealth Inc. bought a new position in shares of Prologis in the first quarter worth $34,000. GKV Capital Management Co. Inc. bought a new position in shares of Prologis in the first quarter worth $34,000. Saudi Central Bank bought a new stake in shares of Prologis during the first quarter valued at about $41,000. Finally, Olde Wealth Management LLC acquired a new stake in Prologis in the first quarter worth about $43,000. Institutional investors own 93.50% of the company’s stock.

Insider Activity

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the firm’s 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 completion of the transaction, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Cristina Gabriela Bita sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total transaction of $111,000.00. Following the completion of the transaction, the director owned 9,829 shares of the company’s stock, valued at approximately $1,091,019. The trade was a 9.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,500 shares of company stock valued at $2,952,095. Corporate insiders own 0.57% of the company’s stock.

Prologis Price Performance

Shares of Prologis stock opened at $111.29 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $111.79 and its two-hundred day moving average price is $107.78. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $127.65. The stock has a market cap of $103.35 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.28.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, topping the consensus estimate of $1.41 by $0.05. The firm 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%. Prologis’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, sell-side analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The company 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 of this dividend was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.6%. Prologis’s dividend payout ratio is currently 109.49%.

Wall Street Analyst Weigh In

A number of research firms have commented on PLD. Scotiabank set a $114.00 price target on shares of Prologis and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. UBS Group boosted their target price on Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Wells Fargo & Company set a $137.00 price target on Prologis and gave the company an “overweight” rating in a research note on Sunday, July 13th. Evercore ISI lifted their price target on Prologis from $111.00 to $113.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Prologis in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.58.

Prologis Company 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.