Stratos Wealth Partners LTD. Grows Holdings in Prologis, Inc. $PLD

Stratos Wealth Partners LTD. increased its position in shares of Prologis, Inc. (NYSE:PLD) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,678 shares of the real estate investment trust’s stock after purchasing an additional 93 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Prologis were worth $1,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alley Investment Management Company LLC raised its position in Prologis by 102.8% in the first quarter. Alley Investment Management Company LLC now owns 108,335 shares of the real estate investment trust’s stock worth $12,111,000 after acquiring an additional 54,914 shares during the period. Jump Financial LLC purchased a new position in Prologis in the first quarter valued at about $2,120,000. Truist Financial Corp boosted its stake in Prologis by 9.3% in the first quarter. Truist Financial Corp now owns 297,270 shares of the real estate investment trust’s stock valued at $33,232,000 after acquiring an additional 25,229 shares during the last quarter. Ally Financial Inc. boosted its stake in Prologis by 16.7% in the first quarter. Ally Financial Inc. now owns 28,000 shares of the real estate investment trust’s stock valued at $3,130,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Prologis by 2.2% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 297,426 shares of the real estate investment trust’s stock valued at $33,249,000 after acquiring an additional 6,350 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLD has been the topic of a number of research analyst reports. Mizuho set a $118.00 target price on shares of Prologis and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Industrial Alliance Securities set a $119.00 target price on shares of Prologis in a research note on Monday. Evercore ISI boosted their target price on shares of Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a research note on Thursday, October 16th. UBS Group boosted their target price 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. Finally, BMO Capital Markets raised shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price target on the stock in a research report on Monday. Two research 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.50.

Insiders Place Their Bets

In other news, Director Cristina Gabriela Bita sold 1,000 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the transaction, the director owned 9,829 shares of the company’s stock, valued at $1,091,019. This represents a 9.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction 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. The trade was a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock worth $2,952,095 in the last three months. Insiders own 0.57% of the company’s stock.

Prologis Stock Performance

Prologis stock opened at $127.33 on Tuesday. The firm’s 50 day simple moving average is $113.58 and its 200 day simple moving average is $108.28. 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 $118.24 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 3.13 and a beta of 1.28. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $127.47.

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

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. Prologis’s dividend 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.