Prologis, Inc. (NYSE:PLD) Shares Bought by Seven Post Investment Office LP

Seven Post Investment Office LP lifted its holdings in Prologis, Inc. (NYSE:PLD) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 159,301 shares of the real estate investment trust’s stock after purchasing an additional 1,208 shares during the quarter. Prologis accounts for approximately 3.3% of Seven Post Investment Office LP’s holdings, making the stock its 6th largest position. Seven Post Investment Office LP’s holdings in Prologis were worth $17,891,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PLD. Sustainable Insight Capital Management LLC increased its stake in Prologis by 16.9% during the 2nd quarter. Sustainable Insight Capital Management LLC now owns 2,400 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 347 shares during the period. New York Life Investment Management LLC increased its stake in shares of Prologis by 4.9% during the second quarter. New York Life Investment Management LLC now owns 204,343 shares of the real estate investment trust’s stock valued at $22,950,000 after acquiring an additional 9,547 shares during the period. Arizona State Retirement System raised its holdings in Prologis by 1.1% during the second quarter. Arizona State Retirement System now owns 268,177 shares of the real estate investment trust’s stock worth $30,119,000 after purchasing an additional 3,028 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Prologis by 10.3% during the 2nd quarter. Victory Capital Management Inc. now owns 786,874 shares of the real estate investment trust’s stock valued at $88,374,000 after purchasing an additional 73,593 shares in the last quarter. Finally, MCF Advisors LLC increased its position in shares of Prologis by 5.5% during the 2nd quarter. MCF Advisors LLC now owns 5,325 shares of the real estate investment trust’s stock valued at $598,000 after purchasing an additional 279 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Prologis news, CIO Joseph Ghazal sold 5,200 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $129.07, for a total transaction of $671,164.00. Following the transaction, the executive now directly owns 13,187 shares in the company, valued at $1,702,046.09. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of several research reports. Wells Fargo & Company raised their target price on Prologis from $142.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Bank of America reiterated a “neutral” rating and issued a $128.00 target price on shares of Prologis in a report on Monday, August 12th. Scotiabank raised their target price on shares of Prologis from $135.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Argus upped their price target on Prologis from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Barclays increased their price objective on Prologis from $123.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus target price of $133.12.

Prologis Stock Down 0.2 %

Prologis stock opened at $127.21 on Friday. The firm’s 50 day moving average price is $122.67 and its two-hundred day moving average price is $119.03. The firm has a market cap of $117.78 billion, a PE ratio of 37.20, a P/E/G ratio of 3.28 and a beta of 1.07. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.36 and a current ratio of 0.36.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.41). The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Prologis had a return on equity of 4.88% and a net margin of 36.37%. Prologis’s revenue was down 18.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.83 earnings per share. On average, research analysts predict that Prologis, Inc. will post 5.42 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Monday, September 16th. Prologis’s dividend payout ratio (DPR) is presently 112.28%.

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.