Prologis, Inc. $PLD Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC grew its stake in shares of Prologis, Inc. (NYSE:PLD) by 1.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 316,381 shares of the real estate investment trust’s stock after acquiring an additional 5,186 shares during the period. Corient Private Wealth LLC’s holdings in Prologis were worth $33,258,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Activest Wealth Management raised its position in shares of 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 during the period. GKV Capital Management Co. Inc. acquired a new position in shares of Prologis in the 1st quarter valued at $34,000. Saudi Central Bank purchased a new position in Prologis in the 1st quarter worth about $41,000. Barrett & Company Inc. purchased a new position in Prologis in the 2nd quarter worth about $44,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Prologis during the 2nd quarter worth about $44,000. 93.50% of the stock is owned by institutional investors.

Prologis Stock Down 2.2%

PLD stock opened at $127.73 on Wednesday. The company has a 50 day moving average of $124.87 and a two-hundred day moving average of $115.02. The company has a market cap of $118.64 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 4.01 and a beta of 1.40. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $131.70. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share 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 business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the business posted $1.43 earnings per share. Prologis’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. On average, equities analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. Prologis’s dividend payout ratio (DPR) is 117.78%.

Analyst Upgrades and Downgrades

A number of analysts have commented on PLD shares. UBS Group set a $138.00 price objective on shares of Prologis in a research note on Thursday, December 4th. Wells Fargo & Company upped their price target on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. 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 research note on Monday, November 10th. Finally, Barclays decreased their target price on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $126.88.

Insider Activity

In related news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 1,621 shares of company stock worth $198,655. 0.57% of the stock is owned by 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.