Clifford Group LLC Has $556,000 Stock Holdings in Prologis, Inc. (NYSE:PLD)

Clifford Group LLC lifted its position in Prologis, Inc. (NYSE:PLD) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,952 shares of the real estate investment trust’s stock after buying an additional 148 shares during the quarter. Clifford Group LLC’s holdings in Prologis were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Valeo Financial Advisors LLC boosted its holdings in Prologis by 182,067.2% during the first quarter. Valeo Financial Advisors LLC now owns 48,877,279 shares of the real estate investment trust’s stock valued at $6,364,799,000 after acquiring an additional 48,850,448 shares during the period. Capital World Investors lifted its position in shares of Prologis by 1,252.9% during the 4th quarter. Capital World Investors now owns 7,305,582 shares of the real estate investment trust’s stock worth $973,834,000 after purchasing an additional 6,765,582 shares during the last quarter. Swedbank AB bought a new stake in Prologis during the 1st quarter valued at approximately $596,614,000. Alphinity Investment Management Pty Ltd acquired a new stake in Prologis in the 1st quarter valued at approximately $465,659,000. Finally, Vanguard Group Inc. increased its position in Prologis by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 120,945,384 shares of the real estate investment trust’s stock worth $15,749,508,000 after buying an additional 1,460,229 shares during the period. 93.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PLD shares. StockNews.com upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Wells Fargo & Company raised their price target 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 upped their price objective on shares of Prologis from $132.00 to $133.00 and gave the company an “overweight” rating in a research report on Wednesday, August 14th. BMO Capital Markets reiterated a “market perform” rating and issued a $115.00 target price on shares of Prologis in a research note on Monday, July 15th. Finally, Barclays boosted their price target on Prologis from $123.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $133.35.

Insiders Place Their Bets

In other news, CIO Joseph Ghazal sold 5,200 shares of the company’s stock in a transaction that occurred 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 transaction, the executive now directly owns 13,187 shares in the company, valued at $1,702,046.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company’s stock.

Prologis Stock Performance

NYSE:PLD opened at $128.51 on Friday. The stock has a market capitalization of $118.98 billion, a P/E ratio of 37.58, a price-to-earnings-growth ratio of 3.36 and a beta of 1.07. Prologis, Inc. has a 1 year low of $96.64 and a 1 year high of $137.52. The firm has a 50 day moving average of $125.38 and a 200-day moving average of $118.80. 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 posted its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.92 EPS 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 business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm posted $1.83 EPS. Prologis’s revenue for the quarter was down 18.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Prologis, Inc. will post 5.42 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Monday, September 16th. Prologis’s payout ratio is presently 112.28%.

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.