B&I Capital AG Has $29.46 Million Stock Holdings in Prologis, Inc. $PLD

B&I Capital AG lessened its holdings in shares of Prologis, Inc. (NYSE:PLD) by 18.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 280,201 shares of the real estate investment trust’s stock after selling 64,250 shares during the period. Prologis accounts for 10.0% of B&I Capital AG’s holdings, making the stock its 2nd biggest holding. B&I Capital AG’s holdings in Prologis were worth $29,455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management lifted its holdings in Prologis by 637.1% during the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 223 shares during the period. Pandora Wealth Inc. bought a new position in shares of Prologis during the first quarter worth about $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of Prologis in the first quarter worth approximately $34,000. Saudi Central Bank bought a new stake in Prologis in the first quarter valued at approximately $41,000. Finally, Barrett & Company Inc. acquired a new stake in Prologis during the 2nd quarter valued at approximately $44,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLD has been the topic of a number of recent analyst reports. Mizuho set a $118.00 price target on shares of Prologis and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Bank of America raised shares of Prologis from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $118.00 to $130.00 in a research note on Tuesday, September 16th. Barclays cut their price target on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research report on Monday, September 15th. Industrial Alliance Securities set a $119.00 price target on Prologis in a report on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Prologis in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $125.39.

Prologis Trading Up 0.8%

PLD opened at $128.38 on Thursday. The company has a fifty day moving average price of $120.99 and a two-hundred day moving average price of $112.91. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $129.28. The company has a market cap of $119.25 billion, a P/E ratio of 37.43, a price-to-earnings-growth ratio of 3.13 and a beta of 1.29. The company has a current ratio of 0.64, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62.

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, topping analysts’ consensus estimates of $1.44 by $0.05. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The company 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 was Tuesday, September 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.1%. Prologis’s payout ratio is currently 117.78%.

Insider Buying and Selling at Prologis

In related news, Director Cristina Gabriela Bita sold 1,000 shares of the stock in a transaction 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 transaction, the director directly owned 9,829 shares in the company, valued at $1,091,019. This trade represents a 9.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 2,000 shares of company stock worth $230,415 over the last quarter. 0.57% of the stock is owned by corporate 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.