Silvia Mccoll Wealth Management LLC Has $526,000 Stock Position in Prologis, Inc. $PLD

Silvia Mccoll Wealth Management LLC lowered its stake in shares of Prologis, Inc. (NYSE:PLD) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,006 shares of the real estate investment trust’s stock after selling 298 shares during the period. Silvia Mccoll Wealth Management LLC’s holdings in Prologis were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management raised its holdings in shares of Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 223 shares during the last quarter. Pandora Wealth Inc. acquired a new stake in shares of Prologis in the 1st quarter worth about $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Prologis in the 1st quarter worth about $34,000. Saudi Central Bank acquired a new stake in shares of Prologis in the 1st quarter worth about $41,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Prologis in the 1st quarter worth about $43,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company set a $137.00 target price on shares of Prologis and gave the stock an “overweight” rating in a report on Sunday, July 13th. Barclays lowered their target price on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a report on Monday, September 15th. Weiss Ratings restated a “hold (c)” rating on shares of Prologis in a report on Saturday, September 27th. Bank of America raised shares of Prologis from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $118.00 to $130.00 in a research report on Tuesday, September 16th. Finally, Evercore ISI lifted their target price on shares of Prologis from $111.00 to $113.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $122.58.

Insider Activity at Prologis

In other news, Director Cristina Gabriela Bita sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $115.69, for a total transaction of $57,845.00. Following the completion of the sale, the director owned 9,329 shares in the company, valued at $1,079,272.01. This trade represents a 5.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 414 shares of the company’s stock, 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 currently owned by company insiders.

Prologis Price Performance

Shares of NYSE PLD opened at $117.09 on Friday. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $127.65. The stock’s 50 day moving average price is $111.03 and its 200-day moving average price is $107.59. The company has a market capitalization of $108.69 billion, a PE ratio of 31.73, a PEG ratio of 2.96 and a beta of 1.28. 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 announced its earnings results 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 firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the business earned $1.34 EPS. The company’s revenue was up 8.8% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, equities analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current 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 paid a dividend of $1.01 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. Prologis’s dividend payout ratio (DPR) is presently 109.49%.

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.