Advyzon Investment Management LLC Takes $211,000 Position in Prologis, Inc. $PLD

Advyzon Investment Management LLC bought a new stake in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,007 shares of the real estate investment trust’s stock, valued at approximately $211,000.

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 valued at $29,000 after acquiring an additional 223 shares in the last quarter. Pandora Wealth Inc. bought a new stake in Prologis in the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. bought a new stake in Prologis in the 1st quarter worth $34,000. Saudi Central Bank bought a new position in Prologis during the 1st quarter valued at approximately $41,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Prologis in the 2nd quarter worth about $44,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 1.1%

NYSE:PLD opened at $124.87 on Thursday. The stock has a market cap of $115.98 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 3.13 and a beta of 1.29. The company has a quick ratio of 0.65, a current ratio of 0.64 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average price is $118.73 and its 200-day moving average price is $111.49. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $127.50.

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. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the firm posted $1.43 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, equities research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $1.01 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 annualized dividend and a yield of 3.2%. Prologis’s dividend payout ratio (DPR) is currently 117.78%.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 500 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $123.14, for a total value of $61,570.00. Following the transaction, the director owned 8,829 shares of the company’s stock, valued at approximately $1,087,203.06. This represents a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief accounting officer owned 414 shares of the company’s stock, valued at $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 27,000 shares of company stock valued at $3,013,665. 0.57% of the stock is currently owned by insiders.

Analyst Ratings Changes

PLD has been the subject of several research analyst reports. Bank of America upgraded shares of Prologis from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $118.00 to $130.00 in a report on Tuesday, September 16th. UBS Group set a $133.00 price objective on Prologis in a report on Monday. Industrial Alliance Securities set a $119.00 price objective on Prologis in a research report on Monday, October 20th. Scotiabank boosted their target price on shares of Prologis from $127.00 to $133.00 and gave the company a “sector perform” rating in a report on Monday. Finally, BMO Capital Markets upgraded shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 target price for the company in a report on Monday, October 20th. Two equities 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.39.

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.