Whipplewood Advisors LLC Buys 902 Shares of Prologis, Inc. $PLD

Whipplewood Advisors LLC increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 266.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,241 shares of the real estate investment trust’s stock after purchasing an additional 902 shares during the quarter. Whipplewood Advisors LLC’s holdings in Prologis were worth $130,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nuveen LLC acquired a new position in Prologis in the first quarter valued at approximately $1,456,768,000. Valeo Financial Advisors LLC lifted its holdings in Prologis by 282.5% in the first quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust’s stock valued at $433,229,000 after buying an additional 2,862,183 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Prologis by 13.0% in the first 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 buying an additional 1,146,454 shares during the period. Strs Ohio acquired a new position in Prologis in the first quarter valued at approximately $98,308,000. Finally, Vanguard Group Inc. lifted its holdings 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 buying an additional 869,310 shares during the period. 93.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the firm’s stock in a transaction 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 sale, 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 legal filing with the SEC, which is available at this hyperlink. Also, Director Cristina Gabriela Bita sold 500 shares of the firm’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 sale, the director owned 9,329 shares in the company, valued at approximately $1,079,272.01. The trade was a 5.09% 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 worth $2,952,095. 0.57% of the stock is currently owned by company insiders.

Prologis Stock Up 0.7%

NYSE:PLD opened at $126.60 on Monday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $127.50. 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 stock has a market cap of $117.57 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 3.20 and a beta of 1.28. The stock has a 50-day moving average price of $115.20 and a two-hundred day moving average price of $109.21.

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

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is presently 117.78%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group set a $137.00 price objective on shares of Prologis and gave the company a “buy” rating in a report on Tuesday, October 21st. Evercore ISI increased their price objective on shares of Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a report on Thursday, October 16th. Bank of America upgraded shares of Prologis from a “neutral” rating to a “buy” rating and increased their price objective for the company from $118.00 to $130.00 in a report on Tuesday, September 16th. Citigroup reduced their price target on shares of Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Finally, BMO Capital Markets upgraded shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective for the company in a research report on Monday, October 20th. Two investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.44.

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.