Sigma Planning Corp Has $975,000 Stock Position in Prologis, Inc. $PLD

Sigma Planning Corp lessened its stake in shares of Prologis, Inc. (NYSE:PLD) by 9.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,279 shares of the real estate investment trust’s stock after selling 933 shares during the period. Sigma Planning Corp’s holdings in Prologis were worth $975,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 15,078 shares in the last quarter. Brown Advisory Inc. raised its position in Prologis by 5.7% during the first quarter. Brown Advisory Inc. now owns 104,861 shares of the real estate investment trust’s stock worth $11,722,000 after acquiring an additional 5,651 shares in the last quarter. Greenleaf Trust lifted its stake in Prologis by 9.1% in the first quarter. Greenleaf Trust now owns 21,161 shares of the real estate investment trust’s stock valued at $2,366,000 after acquiring an additional 1,762 shares during the last quarter. Cornerstone Planning Group LLC grew its position in shares of Prologis by 63.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 152 shares during the period. Finally, Rehmann Capital Advisory Group grew its position in shares of Prologis by 23.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 2,551 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 480 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Cristina Gabriela Bita sold 500 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $123.14, for a total value of $61,570.00. Following the completion of the sale, the director owned 8,829 shares of the company’s stock, valued at approximately $1,087,203.06. The trade was a 5.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the company’s 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 transaction, the chief accounting officer owned 414 shares in the company, valued at $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,000 shares of company stock valued at $3,013,665 in the last three months. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

PLD has been the topic of a number of research analyst reports. Scotiabank set a $114.00 target price on shares of Prologis and gave the company a “sector perform” rating in a report on Wednesday, August 27th. UBS Group set a $137.00 price target on Prologis and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Barclays cut their price objective on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research report on Monday, September 15th. Truist Financial reiterated a “buy” rating and set a $131.00 target price (up from $120.00) on shares of Prologis in a research note on Monday, October 20th. Finally, Citigroup dropped their price target on Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.56.

Prologis Trading Up 0.2%

Shares of PLD stock opened at $124.09 on Friday. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $127.50. The company has a market capitalization of $115.26 billion, a PE ratio of 36.18, a price-to-earnings-growth ratio of 3.13 and a beta of 1.29. The firm has a 50 day moving average price of $117.71 and a two-hundred day moving average price of $110.74. The company has a quick ratio of 0.65, a current ratio of 0.64 and a debt-to-equity ratio of 0.62.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 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 the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 earnings per share. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. As a group, analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 annualized dividend and a yield of 3.3%. Prologis’s dividend payout ratio (DPR) is presently 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.