Premier Path Wealth Partners LLC Has $364,000 Stock Position in Prologis, Inc. $PLD

Premier Path Wealth Partners LLC lessened its stake in Prologis, Inc. (NYSE:PLD) by 34.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,466 shares of the real estate investment trust’s stock after selling 1,789 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Prologis were worth $364,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Prologis by 0.7% in the 1st 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 acquiring an additional 869,310 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Prologis in the 1st quarter valued at about $1,456,768,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Prologis by 0.9% in the first 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 purchasing an additional 93,201 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Prologis by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust’s stock worth $1,113,994,000 after buying an additional 1,146,454 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Prologis by 7.0% during the first quarter. Goldman Sachs Group Inc. now owns 7,790,241 shares of the real estate investment trust’s stock worth $870,871,000 after buying an additional 507,367 shares during the period. Institutional investors own 93.50% of the company’s stock.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 1,000 shares of the company’s 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 directly owned 9,829 shares in the company, valued at $1,091,019. The trade was a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer owned 414 shares of the company’s stock, valued at approximately $46,090.62. This represents a 98.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 26,500 shares of company stock valued at $2,952,095. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the topic of a number of recent research reports. Industrial Alliance Securities set a $119.00 target price on Prologis in a research report on Monday, October 20th. Truist Financial restated a “buy” rating and set a $131.00 price objective (up from $120.00) on shares of Prologis in a research note on Monday, October 20th. UBS Group set a $137.00 target price on Prologis and gave the company a “buy” rating in a research report on Tuesday, October 21st. Mizuho set a $118.00 target price on Prologis and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Finally, Scotiabank set a $114.00 price target on Prologis and gave the company a “sector perform” rating in a research note on Wednesday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.56.

Prologis Stock Up 0.1%

Shares of PLD stock opened at $124.31 on Friday. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $127.50. The stock has a market cap of $115.44 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 3.13 and a beta of 1.28. The firm’s 50-day moving average is $116.76 and its 200-day moving average is $110.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.64.

Prologis (NYSE:PLD) last posted its quarterly earnings results 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. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Prologis had a return on equity of 5.55% and a net margin of 36.71%.Prologis’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $1.43 earnings per share. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Sell-side analysts predict 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. Investors of record on Tuesday, September 16th were paid 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 dividend payout ratio is 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.