Candriam S.C.A. Lowers Stock Position in Prologis, Inc. $PLD

Candriam S.C.A. lessened its stake in Prologis, Inc. (NYSE:PLD) by 6.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 102,466 shares of the real estate investment trust’s stock after selling 7,449 shares during the quarter. Candriam S.C.A.’s holdings in Prologis were worth $10,772,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PLD. Stratos Wealth Partners LTD. lifted its holdings in shares of Prologis by 0.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after acquiring an additional 93 shares during the last quarter. Michael S. Ryan Inc. raised its position in Prologis by 2.9% during the second quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust’s stock valued at $348,000 after purchasing an additional 94 shares in the last quarter. LaSalle St. Investment Advisors LLC raised its position in Prologis by 3.7% during the first quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 96 shares in the last quarter. Van Hulzen Asset Management LLC lifted its stake in Prologis by 5.6% during the first quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock worth $201,000 after purchasing an additional 96 shares during the last quarter. Finally, Palogic Value Management L.P. boosted its holdings in shares of Prologis by 4.7% in the 2nd quarter. Palogic Value Management L.P. now owns 2,130 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PLD. Evercore ISI raised their price objective on Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a report on Thursday, October 16th. Citigroup decreased their price target on shares of Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Truist Financial reaffirmed a “buy” rating and issued a $131.00 price objective (up previously from $120.00) on shares of Prologis in a research note on Monday, October 20th. Scotiabank increased their target price on shares of Prologis from $127.00 to $133.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Finally, Mizuho set a $118.00 price target on shares of Prologis and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $125.39.

Insider Activity

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the transaction, the chief accounting officer owned 414 shares in the company, valued at $46,090.62. The trade was a 98.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Cristina Gabriela Bita sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $123.14, for a total value of $61,570.00. Following the transaction, the director directly owned 8,829 shares of the company’s stock, valued at $1,087,203.06. The trade was a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 27,000 shares of company stock worth $3,013,665 over the last three months. 0.57% of the stock is owned by insiders.

Prologis Stock Down 1.0%

Shares of Prologis stock opened at $122.71 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.64. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $127.50. The company’s 50 day moving average price is $119.14 and its 200-day moving average price is $111.71. The stock has a market capitalization of $113.98 billion, a price-to-earnings ratio of 35.78, a P/E/G ratio of 3.13 and a beta of 1.29.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Equities research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, September 16th. Prologis’s dividend payout ratio is currently 117.78%.

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.