Prologis, Inc. (NYSE:PLD) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 15.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,249 shares of the real estate investment trust’s stock after selling 26,163 shares during the period. SG Americas Securities LLC’s holdings in Prologis were worth $18,089,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Silvia Mccoll Wealth Management LLC increased its position in Prologis by 3.6% during the 3rd quarter. Silvia Mccoll Wealth Management LLC now owns 4,743 shares of the real estate investment trust’s stock worth $599,000 after purchasing an additional 165 shares during the period. Czech National Bank increased its position in Prologis by 6.9% during the 3rd quarter. Czech National Bank now owns 188,618 shares of the real estate investment trust’s stock worth $23,819,000 after purchasing an additional 12,190 shares during the period. AMF Tjanstepension AB increased its position in Prologis by 267.9% during the 3rd quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock worth $236,879,000 after purchasing an additional 1,365,811 shares during the period. Massmutual Trust Co. FSB ADV increased its position in Prologis by 6.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 34,695 shares of the real estate investment trust’s stock worth $4,381,000 after purchasing an additional 2,247 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Prologis by 547.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,034,000 shares of the real estate investment trust’s stock worth $116,129,000 after acquiring an additional 874,411 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PLD shares. Scotiabank upped their price target on Prologis from $135.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Morgan Stanley increased their target price on Prologis from $132.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th. Truist Financial increased 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. Argus increased their target price on Prologis from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Wells Fargo & Company increased their target price on Prologis from $142.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Seven 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 company’s stock. Based on data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and a consensus target price of $133.35.

Prologis Price Performance

NYSE:PLD traded up $0.38 during midday trading on Friday, hitting $122.42. 2,773,995 shares of the stock were exchanged, compared to its average volume of 3,637,378. Prologis, Inc. has a one year low of $96.64 and a one year high of $137.52. The company has a market capitalization of $113.34 billion, a price-to-earnings ratio of 35.80, a P/E/G ratio of 3.25 and a beta of 1.07. The business has a 50-day moving average price of $125.85 and a two-hundred day moving average price of $118.23. 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 (NYSE:PLD) last announced 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). Prologis had a return on equity of 4.88% and a net margin of 36.37%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm earned $1.83 EPS. Prologis’s revenue for the quarter was down 18.1% on a year-over-year basis. Sell-side analysts predict that Prologis, Inc. will post 5.42 EPS for the current year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Monday, September 16th. Prologis’s payout ratio is presently 112.28%.

Insider Activity at Prologis

In related news, CIO Joseph Ghazal sold 5,200 shares of Prologis stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $129.07, for a total value of $671,164.00. Following the completion of the sale, the executive now owns 13,187 shares of the company’s stock, valued at approximately $1,702,046.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is owned by company insiders.

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.