Blair William & Co. IL Boosts Holdings in Prologis, Inc. (NYSE:PLD)

Blair William & Co. IL grew its position in shares of Prologis, Inc. (NYSE:PLD) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,965 shares of the real estate investment trust’s stock after buying an additional 1,779 shares during the quarter. Blair William & Co. IL’s holdings in Prologis were worth $3,478,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Optimum Investment Advisors purchased a new stake in shares of Prologis in the first quarter valued at approximately $26,000. American Capital Advisory LLC purchased a new stake in shares of Prologis during the 2nd quarter worth $26,000. True Wealth Design LLC acquired a new position in shares of Prologis during the 4th quarter worth $27,000. Central Valley Advisors LLC purchased a new position in shares of Prologis in the 2nd quarter valued at about $29,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Prologis in the second quarter valued at about $31,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 2.4 %

Shares of PLD opened at $125.47 on Monday. Prologis, Inc. has a fifty-two week low of $96.64 and a fifty-two week high of $137.52. The company has a market capitalization of $116.17 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 3.36 and a beta of 1.07. The stock has a fifty day moving average of $125.48 and a two-hundred day moving average of $118.55. 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 released its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.92 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.41). The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. Prologis had a net margin of 36.37% and a return on equity of 4.88%. The business’s revenue for the quarter was down 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 earnings per share. As a group, analysts forecast that Prologis, Inc. will post 5.42 EPS for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 3.06%. The ex-dividend date is Monday, September 16th. Prologis’s dividend payout ratio (DPR) is 112.28%.

Insider Buying and Selling

In other news, CIO Joseph Ghazal sold 5,200 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $129.07, for a total transaction of $671,164.00. Following the completion of the sale, the executive now directly owns 13,187 shares of the company’s stock, valued at approximately $1,702,046.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Scotiabank raised their price objective on Prologis from $135.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. Bank of America reaffirmed a “neutral” rating and set a $128.00 price objective on shares of Prologis in a report on Monday, August 12th. Truist Financial upped their target price on Prologis from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group lifted their price target on Prologis from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.35.

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.