REAP Financial Group LLC Purchases 431 Shares of Prologis, Inc. $PLD

REAP Financial Group LLC boosted its position in Prologis, Inc. (NYSE:PLD) by 72.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,029 shares of the real estate investment trust’s stock after acquiring an additional 431 shares during the period. REAP Financial Group LLC’s holdings in Prologis were worth $108,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management raised its stake in Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 223 shares during the period. Pandora Wealth Inc. bought a new stake in Prologis in the 1st quarter valued at about $34,000. GKV Capital Management Co. Inc. bought a new stake in Prologis in the 1st quarter valued at about $34,000. Saudi Central Bank bought a new stake in Prologis in the 1st quarter valued at about $41,000. Finally, Olde Wealth Management LLC bought a new stake in Prologis in the 1st quarter valued at about $43,000. 93.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PLD. 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. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and lifted their target price for the company from $118.00 to $130.00 in a report on Tuesday, September 16th. Scotiabank set a $114.00 target price on Prologis and gave the company a “sector perform” rating in a report on Wednesday, August 27th. Wells Fargo & Company set a $137.00 target price on Prologis and gave the company an “overweight” rating in a report on Sunday, July 13th. Finally, Barclays reduced their target price on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and an average price target of $122.58.

Prologis Stock Down 1.0%

Shares of NYSE PLD opened at $115.95 on Wednesday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $127.65. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $107.63 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 2.96 and a beta of 1.28. The business has a 50-day moving average of $111.36 and a 200-day moving average of $107.68.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm earned $1.34 earnings per share. Prologis’s revenue was up 8.8% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Sell-side analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

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

Insider Activity

In other Prologis news, Director Cristina Gabriela Bita sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total value of $111,000.00. Following the completion of the sale, the director owned 9,829 shares of the company’s stock, valued at $1,091,019. This represents a 9.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lori A. Palazzolo sold 25,000 shares of the company’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 value of $2,783,250.00. Following the completion of the sale, the chief accounting officer directly owned 414 shares of the company’s stock, valued at approximately $46,090.62. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,500 shares of company stock valued at $2,952,095 in the last three months. 0.57% of the stock is owned by insiders.

About Prologis

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.