Corient Private Wealth LLC Acquires 5,186 Shares of Prologis, Inc. $PLD

Corient Private Wealth LLC raised its stake in shares of Prologis, Inc. (NYSE:PLD) by 1.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 316,381 shares of the real estate investment trust’s stock after acquiring an additional 5,186 shares during the quarter. Corient Private Wealth LLC’s holdings in Prologis were worth $33,258,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PLD. Caldwell Trust Co bought a new position in shares of Prologis in the 2nd quarter valued at approximately $77,000. Watts Gwilliam & Co. LLC grew its holdings in Prologis by 3.0% during the second quarter. Watts Gwilliam & Co. LLC now owns 3,586 shares of the real estate investment trust’s stock valued at $413,000 after purchasing an additional 104 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Prologis by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 203,607 shares of the real estate investment trust’s stock valued at $21,405,000 after purchasing an additional 1,859 shares during the period. MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Prologis in the second quarter worth $4,280,000. Finally, Stance Capital LLC acquired a new stake in shares of Prologis in the second quarter worth $1,261,000. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 2.2%

PLD stock opened at $127.73 on Wednesday. Prologis, Inc. has a twelve month low of $85.35 and a twelve 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. The company has a market cap of $118.64 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 4.01 and a beta of 1.40. The business’s 50-day simple moving average is $124.87 and its 200 day simple moving average is $115.02.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 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 firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The company’s revenue for the quarter 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, research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

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

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the sale, the director owned 8,208 shares of the company’s stock, valued at $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. Insiders have sold a total of 1,621 shares of company stock worth $198,655 in the last 90 days. 0.57% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on PLD shares. Truist Financial reiterated a “buy” rating and issued a $131.00 target price (up previously from $120.00) on shares of Prologis in a report on Monday, October 20th. Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Industrial Alliance Securities set a $119.00 price objective on Prologis in a research report on Monday, October 20th. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and raised their target price for the company from $118.00 to $130.00 in a report on Tuesday, September 16th. Finally, Mizuho lifted their price target on Prologis from $118.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.88.

Prologis Company 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.