Transatlantique Private Wealth LLC Reduces Holdings in Prologis, Inc. (NYSE:PLD)

Transatlantique Private Wealth LLC reduced its stake in Prologis, Inc. (NYSE:PLD) by 15.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,331 shares of the real estate investment trust’s stock after selling 1,154 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Prologis were worth $695,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PLD shares. Mizuho decreased their target price on Prologis from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Royal Bank of Canada downgraded shares of Prologis from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $124.00 to $127.00 in a report on Monday, August 5th. Morgan Stanley increased their price objective 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. Barclays boosted their target price on shares of Prologis from $123.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Finally, Argus increased their price target on Prologis from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $133.35.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 5,200 shares of Prologis stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $129.07, for a total value of $671,164.00. Following the sale, the executive now directly owns 13,187 shares of the company’s stock, valued at $1,702,046.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Prologis Trading Down 2.4 %

Shares of NYSE:PLD opened at $125.47 on Friday. The firm has a market capitalization of $116.17 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 3.36 and a beta of 1.07. The business’s 50 day moving average price is $125.48 and its 200-day moving average price is $118.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36. Prologis, Inc. has a 1 year low of $96.64 and a 1 year high of $137.52.

Prologis (NYSE:PLD) last announced 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). The company 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 firm’s revenue for the quarter was down 18.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.83 EPS. On average, equities research analysts forecast that Prologis, Inc. will post 5.42 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $3.84 annualized dividend and a yield of 3.06%. Prologis’s dividend payout ratio (DPR) is currently 112.28%.

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.