Prologis, Inc. (NYSE:PLD) is Seven Post Investment Office LP’s 8th Largest Position

Seven Post Investment Office LP lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 160,371 shares of the real estate investment trust’s stock after acquiring an additional 1,070 shares during the period. Prologis accounts for approximately 3.1% of Seven Post Investment Office LP’s portfolio, making the stock its 8th biggest position. Seven Post Investment Office LP’s holdings in Prologis were worth $20,252,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. American Capital Advisory LLC purchased a new position in Prologis during the second quarter worth about $26,000. Semmax Financial Advisors Inc. acquired a new stake in shares of Prologis during the 2nd quarter worth approximately $27,000. Central Valley Advisors LLC purchased a new stake in shares of Prologis during the 2nd quarter valued at approximately $29,000. Sunbelt Securities Inc. lifted its holdings in Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 224 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new position in Prologis in the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 0.4 %

PLD opened at $114.22 on Friday. The business has a fifty day moving average price of $123.15 and a 200 day moving average price of $117.52. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. Prologis, Inc. has a 12 month low of $101.11 and a 12 month high of $137.52. The stock has a market capitalization of $105.79 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 2.98 and a beta of 1.08.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.30 earnings per share. Sell-side analysts expect that Prologis, Inc. will post 5.45 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.36%. Prologis’s dividend payout ratio (DPR) is currently 116.01%.

Insider Buying and Selling

In other Prologis news, CIO Joseph Ghazal sold 5,200 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $129.07, for a total value of $671,164.00. Following the sale, the executive now directly owns 13,187 shares in the company, valued at $1,702,046.09. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wells Fargo & Company lifted their target price on Prologis from $142.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Bank of America restated a “neutral” rating and issued a $128.00 price objective on shares of Prologis in a report on Monday, August 12th. Evercore ISI increased their target price on shares of Prologis from $124.00 to $128.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. The Goldman Sachs Group reissued a “neutral” rating and issued a $132.00 price target (down from $142.00) on shares of Prologis in a research note on Monday, October 21st. Finally, BMO Capital Markets restated a “market perform” rating and issued a $115.00 price objective on shares of Prologis in a report on Monday, July 15th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $131.12.

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.