ASR Vermogensbeheer N.V. Cuts Position in Prologis, Inc. $PLD

ASR Vermogensbeheer N.V. lowered its position in Prologis, Inc. (NYSE:PLD) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,038 shares of the real estate investment trust’s stock after selling 443 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Prologis were worth $11,671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLD. Activest Wealth Management increased its holdings in Prologis by 637.1% in the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 223 shares during the last quarter. Pandora Wealth Inc. acquired a new position in shares of Prologis during the 1st quarter worth about $34,000. GKV Capital Management Co. Inc. purchased a new position in shares of Prologis in the 1st quarter valued at about $34,000. Saudi Central Bank acquired a new stake in shares of Prologis during the 1st quarter worth about $41,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Prologis during the 1st quarter worth about $43,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

NYSE PLD opened at $116.22 on Friday. The firm has a market cap of $107.88 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.94 and a beta of 1.28. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $127.65. The business’s 50-day moving average price is $110.90 and its 200 day moving average price is $107.59. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the firm earned $1.34 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, equities research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s payout ratio is currently 109.49%.

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 transaction of $111,000.00. Following the completion of the transaction, the director owned 9,829 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,500 shares of company stock valued at $2,952,095. 0.57% of the stock is owned by insiders.

Analyst Ratings Changes

PLD has been the topic of several recent analyst reports. Scotiabank set a $114.00 price target on shares of Prologis and gave the company a “sector perform” rating in a research note on Wednesday, August 27th. Barclays dropped their target price on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research report on Monday, September 15th. UBS Group boosted their price target on shares of Prologis from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Evercore ISI raised their price objective on Prologis from $111.00 to $113.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Finally, Citigroup reduced their target price on Prologis from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $122.58.

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.