Prologis Target of Unusually Large Options Trading (NYSE:PLD)

Prologis, Inc. (NYSE:PLD) was the recipient of some unusual options trading activity on Monday. Stock investors acquired 21,476 call options on the stock. This is an increase of approximately 759% compared to the typical daily volume of 2,501 call options.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction that occurred 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 completion of the sale, the director directly owned 8,208 shares in the company, valued at $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 1,621 shares of company stock worth $198,655 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

Institutional Trading of Prologis

A number of institutional investors and hedge funds have recently modified their holdings of the company. Clayton Financial Group LLC bought a new stake in Prologis in the 3rd quarter valued at $26,000. Activest Wealth Management lifted its holdings in shares of 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 acquiring an additional 223 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in shares of Prologis during the 1st quarter valued at about $34,000. Silver Oak Securities Incorporated acquired a new stake in shares of Prologis during the 3rd quarter valued at about $36,000. Finally, Rossby Financial LCC increased its stake in Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 135 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Mizuho upped their price objective on shares of Prologis from $118.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Barclays dropped their target price on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a report on Monday, September 15th. Truist Financial restated a “buy” rating and set a $131.00 price target (up from $120.00) on shares of Prologis in a report on Monday, October 20th. UBS Group set a $138.00 price target on Prologis in a research report on Thursday, December 4th. Finally, Evercore ISI lifted their price objective on Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a research note on Thursday, October 16th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.88.

Prologis Stock Performance

NYSE:PLD opened at $127.73 on Wednesday. The firm’s 50-day moving average is $124.87 and its 200-day moving average is $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. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.64 and a current ratio of 0.64. Prologis has a 52-week low of $85.35 and a 52-week high of $131.70.

Prologis (NYSE:PLD) last released its 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 return on equity of 5.55% and a net margin of 36.71%.The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the business earned $1.43 earnings per share. The firm’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. Equities research analysts anticipate that Prologis will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

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

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.