Prologis, Inc. $PLD Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC cut its holdings in shares of Prologis, Inc. (NYSE:PLD) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,767 shares of the real estate investment trust’s stock after selling 654 shares during the period. Stratos Wealth Advisors LLC’s holdings in Prologis were worth $606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Prologis by 0.7% in the first quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust’s stock valued at $13,564,533,000 after purchasing an additional 869,310 shares during the period. Nuveen LLC purchased a new position in shares of Prologis during the first quarter worth about $1,456,768,000. Charles Schwab Investment Management Inc. increased its position in Prologis by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,495,932 shares of the real estate investment trust’s stock valued at $1,173,340,000 after acquiring an additional 93,201 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Prologis by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust’s stock valued at $1,113,994,000 after acquiring an additional 1,146,454 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Prologis by 7.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,790,241 shares of the real estate investment trust’s stock worth $870,871,000 after acquiring an additional 507,367 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

PLD has been the topic of a number of recent research reports. Wells Fargo & Company set a $137.00 target price on Prologis and gave the company an “overweight” rating in a report on Sunday, July 13th. UBS Group boosted their price objective on shares of Prologis from $106.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Mizuho set a $118.00 target price on shares of Prologis and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Bank of America raised shares of Prologis from a “neutral” rating to a “buy” rating and lifted their target price for the company from $118.00 to $130.00 in a report on Tuesday, September 16th. Finally, Scotiabank set a $114.00 price target on shares of Prologis and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.74.

Insider Activity at Prologis

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the transaction, the chief accounting officer owned 414 shares of the company’s stock, valued at $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total transaction of $111,000.00. Following the sale, the director directly owned 9,829 shares of the company’s stock, valued at $1,091,019. This represents a 9.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,500 shares of company stock valued at $2,952,095 in the last ninety days. 0.57% of the stock is currently owned by company insiders.

Prologis Trading Up 2.6%

Shares of PLD opened at $124.27 on Monday. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $125.04. The company has a current ratio of 0.20, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $115.40 billion, a P/E ratio of 36.23, a PEG ratio of 3.13 and a beta of 1.28. The firm’s 50-day moving average is $113.12 and its two-hundred day moving average is $108.07.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. The company’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. On average, research analysts predict that Prologis, Inc. will post 5.73 earnings per share 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 yield of 3.3%. The ex-dividend date was Tuesday, September 16th. Prologis’s payout ratio is presently 117.78%.

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.