Groupe la Francaise Lowers Holdings in Prologis, Inc. $PLD

Groupe la Francaise lowered its position in shares of Prologis, Inc. (NYSE:PLD) by 11.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,775 shares of the real estate investment trust’s stock after selling 3,896 shares during the quarter. Groupe la Francaise’s holdings in Prologis were worth $3,127,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management raised its holdings in Prologis by 637.1% during the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 223 shares in the last quarter. Pandora Wealth Inc. acquired a new position in Prologis during the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. purchased a new position in shares of Prologis during the 1st quarter worth approximately $34,000. Saudi Central Bank acquired a new stake in shares of Prologis in the 1st quarter valued at approximately $41,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Prologis in the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Truist Financial reiterated a “buy” rating and issued a $131.00 price objective (up previously from $120.00) on shares of Prologis in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prologis in a report on Monday. BMO Capital Markets upgraded shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective for the company in a research note on Monday, October 20th. Scotiabank boosted their price objective on shares of Prologis from $127.00 to $133.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Finally, Bank of America raised shares of Prologis from a “neutral” rating to a “buy” rating and increased their target price for the company from $118.00 to $130.00 in a report on Tuesday, September 16th. 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.39.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the sale, the director directly owned 8,208 shares in the company, valued at $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 1,621 shares of company stock valued at $198,655 over the last ninety days. Insiders own 0.57% of the company’s stock.

Prologis Price Performance

Shares of NYSE PLD opened at $129.07 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $122.46 and its 200 day moving average price is $113.59. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $129.87. The stock has a market cap of $119.89 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 3.96 and a beta of 1.40.

Prologis (NYSE:PLD) last announced its quarterly earnings results 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 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 the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $4.04 annualized dividend and a yield of 3.1%. Prologis’s dividend payout ratio (DPR) is presently 117.78%.

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.