473 Shares in Prologis, Inc. (NYSE:PLD) Purchased by Headlands Technologies LLC

Headlands Technologies LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) in the second quarter, according to its most recent filing with the SEC. The fund acquired 473 shares of the real estate investment trust’s stock, valued at approximately $53,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLD. Gilbert & Cook Inc. boosted its stake in Prologis by 4.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,487 shares of the real estate investment trust’s stock worth $731,000 after purchasing an additional 233 shares during the period. Gryphon Financial Partners LLC boosted its position in shares of Prologis by 61.6% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,234 shares of the real estate investment trust’s stock valued at $692,000 after acquiring an additional 1,995 shares during the period. Level Four Advisory Services LLC grew its stake in Prologis by 4.2% during the fourth quarter. Level Four Advisory Services LLC now owns 7,643 shares of the real estate investment trust’s stock valued at $1,019,000 after acquiring an additional 306 shares in the last quarter. TrinityPoint Wealth LLC increased its holdings in Prologis by 18.0% during the 4th quarter. TrinityPoint Wealth LLC now owns 2,228 shares of the real estate investment trust’s stock worth $297,000 after acquiring an additional 340 shares during the period. Finally, Gladstone Institutional Advisory LLC lifted its stake in Prologis by 17.3% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 3,832 shares of the real estate investment trust’s stock worth $511,000 after purchasing an additional 565 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 0.6 %

NYSE:PLD opened at $129.25 on Tuesday. The firm has a market capitalization of $119.67 billion, a P/E ratio of 37.79, a P/E/G ratio of 3.36 and a beta of 1.07. Prologis, Inc. has a 52 week low of $96.64 and a 52 week high of $137.52. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of $124.72 and a 200 day moving average of $118.72.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.86 billion. The business’s revenue for the quarter was down 18.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.83 earnings per share. On average, research analysts predict that Prologis, Inc. will post 5.42 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Monday, September 16th. Prologis’s payout ratio is 112.28%.

Insider Activity at Prologis

In other news, CIO Joseph Ghazal sold 5,200 shares of the firm’s stock in a transaction dated 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 directly owns 13,187 shares of the company’s stock, valued at approximately $1,702,046.09. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PLD shares. Barclays upped their price target on shares of Prologis from $123.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Bank of America restated a “neutral” rating and issued a $128.00 price objective on shares of Prologis in a research report on Monday, August 12th. The Goldman Sachs Group lifted their target price on shares of Prologis from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Morgan Stanley boosted their price target on shares of Prologis from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. Finally, Argus lifted their price objective on shares of Prologis from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.35.

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.