Prologis, Inc. $PLD is American Assets Capital Advisers LLC’s 6th Largest Position

American Assets Capital Advisers LLC raised its position in Prologis, Inc. (NYSE:PLD) by 69.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,286 shares of the real estate investment trust’s stock after acquiring an additional 18,127 shares during the quarter. Prologis makes up approximately 4.7% of American Assets Capital Advisers LLC’s portfolio, making the stock its 6th biggest position. American Assets Capital Advisers LLC’s holdings in Prologis were worth $4,655,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Brighton Jones LLC lifted its holdings in Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after buying an additional 15,078 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Prologis by 5.7% in the first quarter. Brown Advisory Inc. now owns 104,861 shares of the real estate investment trust’s stock valued at $11,722,000 after acquiring an additional 5,651 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in Prologis by 23.2% in the first quarter. Rehmann Capital Advisory Group now owns 2,551 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 480 shares during the period. Allworth Financial LP boosted its holdings in Prologis by 5.9% in the first quarter. Allworth Financial LP now owns 142,091 shares of the real estate investment trust’s stock valued at $14,686,000 after purchasing an additional 7,889 shares during the period. Finally, Alps Advisors Inc. grew its stake in Prologis by 87.3% during the 1st quarter. Alps Advisors Inc. now owns 3,809 shares of the real estate investment trust’s stock worth $426,000 after purchasing an additional 1,775 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Buying and Selling

In other news, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total value of $2,783,250.00. Following the transaction, the chief accounting officer directly owned 414 shares of the company’s stock, valued at $46,090.62. The trade was a 98.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Cristina Gabriela Bita sold 500 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $123.14, for a total transaction 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. This trade represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 27,000 shares of company stock valued at $3,013,665. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

PLD has been the topic of a number of analyst reports. BMO Capital Markets raised Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price target on the stock in a research report on Monday, October 20th. Industrial Alliance Securities set a $119.00 target price on shares of Prologis in a research note on Monday, October 20th. 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 shares of Prologis and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Finally, Bank of America upgraded shares of Prologis from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $118.00 to $130.00 in a report on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.56.

Prologis Trading Up 1.3%

NYSE PLD opened at $125.57 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 $116.64 billion, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 3.13 and a beta of 1.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.65. The firm’s fifty day moving average price is $117.94 and its 200 day moving average price is $110.93.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.05. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. Prologis’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, sell-side analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently declared 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 of this dividend was Tuesday, September 16th. This represents a $4.04 annualized dividend and a yield of 3.2%. Prologis’s payout ratio is 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.