Prologis, Inc. (NYSE:PLD) Shares Sold by Strategic Blueprint LLC

Strategic Blueprint LLC lowered its position in shares of Prologis, Inc. (NYSE:PLD) by 38.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,743 shares of the real estate investment trust’s stock after selling 1,096 shares during the quarter. Strategic Blueprint LLC’s holdings in Prologis were worth $220,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Arbor Capital Management Inc. ADV boosted its position in Prologis by 0.8% in the second quarter. Arbor Capital Management Inc. ADV now owns 11,602 shares of the real estate investment trust’s stock valued at $1,299,000 after buying an additional 87 shares during the last quarter. CX Institutional lifted its stake in Prologis by 2.7% during the 3rd quarter. CX Institutional now owns 3,347 shares of the real estate investment trust’s stock valued at $423,000 after acquiring an additional 88 shares during the period. Mitchell Sinkler & Starr PA lifted its stake in Prologis by 5.1% during the 2nd quarter. Mitchell Sinkler & Starr PA now owns 1,860 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 90 shares during the period. Destination Wealth Management boosted its holdings in shares of Prologis by 4.7% in the 2nd quarter. Destination Wealth Management now owns 2,033 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 92 shares during the last quarter. Finally, DT Investment Partners LLC increased its stake in shares of Prologis by 9.8% in the third quarter. DT Investment Partners LLC now owns 1,043 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 93 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Transactions at Prologis

In other 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 value of $671,164.00. Following the transaction, the executive now directly owns 13,187 shares of the company’s stock, valued at approximately $1,702,046.09. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Scotiabank decreased their target price on shares of Prologis from $142.00 to $136.00 and set a “sector outperform” rating for the company in a research report on Friday, October 25th. Truist Financial upped their target price on Prologis from $125.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. StockNews.com raised Prologis from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. BMO Capital Markets reissued a “market perform” rating and issued a $115.00 price target on shares of Prologis in a report on Monday, July 15th. Finally, Morgan Stanley upped their price objective on Prologis from $132.00 to $133.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.12.

Prologis Trading Up 0.4 %

Shares of Prologis stock opened at $113.41 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.56. Prologis, Inc. has a twelve month low of $101.11 and a twelve month high of $137.52. The firm has a market capitalization of $105.04 billion, a PE ratio of 34.26, a P/E/G ratio of 3.04 and a beta of 1.07. The firm’s 50-day moving average price is $124.01 and its 200 day moving average price is $117.31.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.29). Prologis had a net margin of 39.08% and a return on equity of 5.34%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business earned $1.30 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts predict that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Monday, September 16th. Prologis’s payout ratio is 116.01%.

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.