Prologis, Inc. (NYSE:PLD) Shares Bought by Seven Post Investment Office LP

Seven Post Investment Office LP grew its position in shares of Prologis, Inc. (NYSE:PLD) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 160,371 shares of the real estate investment trust’s stock after purchasing an additional 1,070 shares during the quarter. Prologis makes up about 3.1% of Seven Post Investment Office LP’s holdings, making the stock its 8th largest position. Seven Post Investment Office LP’s holdings in Prologis were worth $20,252,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLD. Hara Capital LLC acquired a new position in shares of Prologis in the 3rd quarter valued at $48,000. JB Capital LLC increased its stake in Prologis by 4.2% in the third quarter. JB Capital LLC now owns 78,091 shares of the real estate investment trust’s stock valued at $9,861,000 after purchasing an additional 3,162 shares during the period. Keudell Morrison Wealth Management purchased a new stake in shares of Prologis in the third quarter valued at about $358,000. Jackson Square Capital LLC acquired a new stake in shares of Prologis during the third quarter worth about $477,000. Finally, Graypoint LLC grew its holdings in shares of Prologis by 31.9% during the third quarter. Graypoint LLC now owns 4,714 shares of the real estate investment trust’s stock worth $595,000 after buying an additional 1,141 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity at Prologis

In other Prologis 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 transaction 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. This trade represents 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. 0.56% of the stock is currently owned by corporate insiders.

Prologis Stock Up 0.4 %

PLD stock opened at $114.22 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. The company’s 50 day simple moving average is $123.15 and its 200-day simple moving average is $117.52. Prologis, Inc. has a 12 month low of $101.11 and a 12 month high of $137.52. The firm has a market capitalization of $105.79 billion, a PE ratio of 34.51, a P/E/G ratio of 2.98 and a beta of 1.08.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). Prologis had a net margin of 39.08% and a return on equity of 5.34%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the company posted $1.30 EPS. Prologis’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts expect that Prologis, Inc. will post 5.45 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced 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 yield of 3.36%. The ex-dividend date of this dividend was Monday, September 16th. Prologis’s payout ratio is 116.01%.

Analyst Ratings Changes

Several equities analysts have issued reports on PLD shares. JPMorgan Chase & Co. dropped their price objective on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Barclays cut their price target on shares of Prologis from $142.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Argus boosted their target price on Prologis from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Bank of America reissued a “neutral” rating and issued a $128.00 price target on shares of Prologis in a report on Monday, August 12th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $132.00 price objective (down previously from $142.00) on shares of Prologis in a report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and a consensus price target of $131.12.

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.