Focus Financial Network Inc. Grows Position in Prologis, Inc. $PLD

Focus Financial Network Inc. lifted its stake in Prologis, Inc. (NYSE:PLD) by 20.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,514 shares of the real estate investment trust’s stock after buying an additional 421 shares during the quarter. Focus Financial Network Inc.’s holdings in Prologis were worth $264,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PLD. Activest Wealth Management raised its stake in Prologis by 637.1% during the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 223 shares in the last quarter. REAP Financial Group LLC raised its stake in Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 84 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in Prologis during the first quarter valued at $34,000. GKV Capital Management Co. Inc. purchased a new stake in Prologis during the first quarter valued at $34,000. Finally, Saudi Central Bank purchased a new stake in Prologis during the first quarter valued at $41,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup decreased their price target on shares of Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. UBS Group raised their target price on shares of Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Evercore ISI raised their target price on shares of Prologis from $111.00 to $113.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Bank of America upgraded shares of Prologis from a “neutral” rating to a “buy” rating and raised their target price for the stock from $118.00 to $130.00 in a report on Tuesday, September 16th. Finally, Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $122.58.

Insider Activity

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the 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 of the company’s stock, valued at approximately $46,090.62. This represents a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total transaction of $111,000.00. Following the sale, the director directly owned 9,829 shares of the company’s stock, valued at approximately $1,091,019. The trade was a 9.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

Prologis Trading Down 1.5%

NYSE PLD opened at $113.47 on Monday. The company’s 50-day moving average price is $109.85 and its 200-day moving average price is $107.54. 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 stock has a market cap of $105.33 billion, a PE ratio of 30.75, a PEG ratio of 2.87 and a beta of 1.26. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $127.93.

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

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, September 16th. Prologis’s dividend payout ratio 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.