Sei Investments Co. Purchases 101,067 Shares of Prologis, Inc. $PLD

Sei Investments Co. increased its position in Prologis, Inc. (NYSE:PLD) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,386,641 shares of the real estate investment trust’s stock after purchasing an additional 101,067 shares during the quarter. Sei Investments Co. owned approximately 0.26% of Prologis worth $250,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PLD. Activest Wealth Management lifted its position in Prologis by 637.1% during the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 223 shares during the period. GKV Capital Management Co. Inc. purchased a new stake in shares of Prologis in the 1st quarter worth about $34,000. Saudi Central Bank bought a new position in shares of Prologis in the 1st quarter worth about $41,000. Barrett & Company Inc. purchased a new position in Prologis during the 2nd quarter valued at about $44,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Prologis during the second quarter worth about $44,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Up 1.9%

Prologis stock opened at $129.86 on Thursday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $130.56. The stock has a fifty day simple moving average of $123.82 and a two-hundred day simple moving average of $114.34. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. The firm has a market cap of $120.62 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 3.91 and a beta of 1.40.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, beating the consensus estimate of $1.44 by $0.05. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the firm posted $1.43 earnings per share. Prologis’s 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 analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 117.78%.

Insider Activity at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the transaction, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 1,621 shares of company stock valued at $198,655 in the last three months. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of analyst reports. Industrial Alliance Securities set a $119.00 target price on shares of Prologis in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Prologis in a research note on Monday. BMO Capital Markets raised Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective for the company in a research report on Monday, October 20th. Wells Fargo & Company lifted their price objective on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Finally, Barclays cut their target price on Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.88.

Prologis 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.