Prologis, Inc. (NYSE:PLD) Stock Position Increased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in Prologis, Inc. (NYSE:PLD) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,323 shares of the real estate investment trust’s stock after buying an additional 1,564 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Prologis were worth $6,786,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. True Wealth Design LLC acquired a new position in Prologis in the fourth quarter worth approximately $27,000. Optimum Investment Advisors acquired a new position in shares of Prologis in the 1st quarter worth $26,000. American Capital Advisory LLC acquired a new stake in shares of Prologis during the second quarter worth $26,000. Clear Investment Research LLC lifted its holdings in shares of Prologis by 188.1% during the fourth quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 158 shares during the last quarter. Finally, Central Valley Advisors LLC acquired a new position in shares of Prologis in the 2nd quarter valued at $29,000. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BMO Capital Markets restated a “market perform” rating and set a $115.00 price objective on shares of Prologis in a report on Monday, July 15th. Wells Fargo & Company lifted their price objective on shares of Prologis from $142.00 to $146.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Morgan Stanley boosted their target price on shares of Prologis from $132.00 to $133.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Bank of America reaffirmed a “neutral” rating and issued a $128.00 target price on shares of Prologis in a research report on Monday, August 12th. Finally, Royal Bank of Canada lowered Prologis from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $124.00 to $127.00 in a research report on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $133.35.

Prologis Stock Performance

Shares of PLD opened at $127.05 on Thursday. The firm has a fifty day simple moving average of $125.21 and a 200 day simple moving average of $118.73. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.52. Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52. The stock has a market capitalization of $117.63 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 3.36 and a beta of 1.07.

Prologis (NYSE:PLD) last released its earnings results 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). Prologis had a return on equity of 4.88% and a net margin of 36.37%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $1.83 EPS. The business’s revenue was down 18.1% on a year-over-year basis. Research analysts forecast that Prologis, Inc. will post 5.42 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Monday, September 16th. Prologis’s dividend payout ratio (DPR) is currently 112.28%.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 5,200 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were 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 approximately $1,702,046.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

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.