Stanley Laman Group Ltd. Decreases Holdings in Prologis, Inc. $PLD

Stanley Laman Group Ltd. decreased its position in shares of Prologis, Inc. (NYSE:PLD) by 9.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 22,295 shares of the real estate investment trust’s stock after selling 2,219 shares during the period. Stanley Laman Group Ltd.’s holdings in Prologis were worth $2,344,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. boosted its stake in shares of Prologis by 0.7% during 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 acquiring an additional 93 shares in the last quarter. Michael S. Ryan Inc. boosted its stake in shares of Prologis by 2.9% during 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 in the last quarter. LaSalle St. Investment Advisors LLC boosted its stake in shares of Prologis by 3.7% during 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 acquiring an additional 96 shares in the last quarter. Van Hulzen Asset Management LLC raised its position in shares of Prologis by 5.6% during 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 during the last quarter. Finally, Sandler Capital Management raised its position in shares of Prologis by 5.3% during the 1st quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

PLD has been the subject of several research reports. Wells Fargo & Company set a $137.00 price objective on Prologis and gave the stock an “overweight” rating in a research report on Sunday, July 13th. UBS Group lifted their price objective on Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Mizuho set a $118.00 price objective on Prologis and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Citigroup cut their price objective on Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Finally, Scotiabank set a $114.00 price objective on Prologis and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $122.74.

Prologis Trading Up 2.6%

Shares of PLD opened at $124.27 on Friday. The stock has a fifty day moving average of $113.12 and a two-hundred day moving average of $108.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.20. The company has a market capitalization of $115.40 billion, a PE ratio of 36.23, a price-to-earnings-growth ratio of 3.05 and a beta of 1.28. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $125.04.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.05. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.55% and a net margin of 36.71%.Prologis’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. As a group, analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $1.01 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 annualized dividend and a yield of 3.3%. Prologis’s payout ratio is 109.49%.

Insiders Place Their Bets

In other news, Director Cristina Gabriela Bita sold 500 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $115.69, for a total transaction of $57,845.00. Following the completion of the sale, the director directly owned 9,329 shares in the company, valued at $1,079,272.01. This represents a 5.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer owned 414 shares of the company’s stock, valued at approximately $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,500 shares of company stock valued at $2,952,095. Insiders own 0.57% of the company’s stock.

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.