Creative Financial Designs Inc. ADV Has $806,000 Position in Prologis, Inc. $PLD

Creative Financial Designs Inc. ADV raised its stake in Prologis, Inc. (NYSE:PLD) by 3,811.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,667 shares of the real estate investment trust’s stock after purchasing an additional 7,471 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Prologis were worth $806,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PLD. Jump Financial LLC acquired a new position in shares of Prologis in the first quarter valued at about $2,120,000. Truist Financial Corp grew its position in shares of Prologis by 9.3% during the 1st quarter. Truist Financial Corp now owns 297,270 shares of the real estate investment trust’s stock worth $33,232,000 after purchasing an additional 25,229 shares in the last quarter. Ally Financial Inc. grew its position in Prologis by 16.7% during the first quarter. Ally Financial Inc. now owns 28,000 shares of the real estate investment trust’s stock worth $3,130,000 after buying an additional 4,000 shares in the last quarter. Inspire Investing LLC grew its position in Prologis by 9.0% during the first quarter. Inspire Investing LLC now owns 90,605 shares of the real estate investment trust’s stock worth $10,129,000 after buying an additional 7,518 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in Prologis during the first quarter worth approximately $21,792,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the business’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 directly owned 414 shares in the company, valued at approximately $46,090.62. The trade was 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 the SEC website. Also, Director Cristina Gabriela Bita sold 500 shares of the business’s stock in a transaction that occurred 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 directly owned 9,329 shares in the company, valued at $1,079,272.01. The trade was a 5.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,500 shares of company stock worth $2,952,095 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Prologis Trading Up 0.1%

Shares of Prologis stock opened at $124.31 on Friday. The firm has a market capitalization of $115.44 billion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 3.13 and a beta of 1.28. The company has a current ratio of 0.64, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $116.76 and its 200 day moving average is $110.18. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $127.50.

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. The company 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%. The firm’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. Equities research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.3%. Prologis’s payout ratio is currently 117.78%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Bank of America upgraded Prologis from a “neutral” rating to a “buy” rating and raised their price target for the stock from $118.00 to $130.00 in a research report on Tuesday, September 16th. Industrial Alliance Securities set a $119.00 target price on shares of Prologis in a report on Monday, October 20th. Truist Financial reissued a “buy” rating and issued a $131.00 target price (up from $120.00) on shares of Prologis in a report on Monday, October 20th. Scotiabank set a $114.00 price objective on shares of Prologis and gave the company a “sector perform” rating in a research note on Wednesday, August 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Prologis in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $124.56.

Prologis 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.