Savant Capital LLC Buys 4,919 Shares of Prologis, Inc. $PLD

Savant Capital LLC boosted its position in Prologis, Inc. (NYSE:PLD) by 39.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,422 shares of the real estate investment trust’s stock after purchasing an additional 4,919 shares during the quarter. Savant Capital LLC’s holdings in Prologis were worth $1,831,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in Prologis during the 1st quarter worth $1,456,768,000. Price T Rowe Associates Inc. MD boosted its position in Prologis by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust’s stock worth $1,113,994,000 after buying an additional 1,146,454 shares during the period. Strs Ohio bought a new position in shares of Prologis during the first quarter worth about $98,308,000. Vanguard Group Inc. boosted its position in Prologis by 0.7% during the first quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust’s stock valued at $13,564,533,000 after acquiring an additional 869,310 shares during the last quarter. Finally, AMF Tjanstepension AB lifted its position in shares of Prologis by 18.4% during the 2nd quarter. AMF Tjanstepension AB now owns 3,449,394 shares of the real estate investment trust’s stock valued at $362,905,000 after acquiring an additional 535,703 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company increased their target price on Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Prologis in a research note on Wednesday, October 8th. UBS Group set a $133.00 price objective on shares of Prologis in a report on Monday. BMO Capital Markets upgraded shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 target price on the stock in a report on Monday, October 20th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $131.00 price target (up previously from $120.00) on shares of Prologis in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.39.

Prologis Stock Performance

Shares of PLD stock opened at $126.24 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.65. The firm has a 50-day moving average of $118.46 and a 200-day moving average of $111.40. Prologis, Inc. has a one year low of $85.35 and a one year high of $127.50. The company has a market cap of $117.26 billion, a P/E ratio of 36.80, a P/E/G ratio of 3.13 and a beta of 1.29.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.05. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm 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 fiscal year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 16th. Prologis’s dividend payout ratio (DPR) is presently 117.78%.

Insiders Place Their Bets

In other news, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction on 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 sale, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. The trade was a 98.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Cristina Gabriela Bita sold 500 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $123.14, for a total transaction of $61,570.00. Following the completion of the transaction, the director directly owned 8,829 shares in the company, valued at $1,087,203.06. This trade represents a 5.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 27,000 shares of company stock worth $3,013,665 over the last quarter. 0.57% of the stock is currently owned by corporate insiders.

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.