Prologis (NYSE:PLD) Director Sells $79,239.60 in Stock

Prologis, Inc. (NYSE:PLD) Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the sale, the director directly owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Cristina Gabriela Bita also recently made the following trade(s):

• On Monday, November 3rd, Cristina Gabriela Bita sold 500 shares of Prologis stock. The shares were sold at an average price of $123.14, for a total transaction of $61,570.00.
• On Wednesday, October 1st, Cristina Gabriela Bita sold 500 shares of Prologis stock. The shares were sold at an average price of $115.69, for a total transaction of $57,845.00.
• On Wednesday, September 3rd, Cristina Gabriela Bita sold 1,000 shares of Prologis stock. The shares were sold at an average price of $111.00, for a total transaction of $111,000.00.

Prologis Stock Performance

PLD stock opened at $128.10 on Friday. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $130.45. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62. The company has a market cap of $118.99 billion, a P/E ratio of 37.35, a price-to-earnings-growth ratio of 3.97 and a beta of 1.40. The business’s fifty day moving average is $122.76 and its 200-day moving average is $113.69.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.05. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is currently 117.78%.

Analyst Ratings Changes

Several research analysts recently weighed in on PLD shares. Barclays reduced their price objective on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research note on Monday, September 15th. Truist Financial reiterated a “buy” rating and issued a $131.00 target price (up from $120.00) on shares of Prologis in a report on Monday, October 20th. Mizuho boosted their price target on shares of Prologis from $118.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday. Scotiabank upped their price objective on shares of Prologis from $127.00 to $133.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Finally, Wells Fargo & Company raised their price objective on Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $126.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Prologis by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 122,064,883 shares of the real estate investment trust’s stock valued at $13,978,870,000 after acquiring an additional 323,551 shares in the last quarter. State Street Corp increased its holdings in Prologis by 1.9% during the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after purchasing an additional 1,088,544 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Prologis by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 22,416,833 shares of the real estate investment trust’s stock valued at $2,345,922,000 after purchasing an additional 310,333 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Prologis by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock valued at $1,735,205,000 after purchasing an additional 253,338 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Prologis in the first quarter valued at about $1,456,768,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

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.