Prologis, Inc. (NYSE:PLD) Shares Acquired by Catalytic Wealth RIA LLC

Catalytic Wealth RIA LLC increased its position in Prologis, Inc. (NYSE:PLD - Free Report) by 59.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,032 shares of the real estate investment trust's stock after purchasing an additional 6,345 shares during the period. Catalytic Wealth RIA LLC's holdings in Prologis were worth $2,151,000 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. Semmax Financial Advisors Inc. purchased a new position in Prologis during the second quarter valued at $27,000. American Capital Advisory LLC bought a new position in shares of Prologis during the second quarter valued at approximately $26,000. Central Valley Advisors LLC bought a new position in shares of Prologis during the second quarter valued at approximately $29,000. Sunbelt Securities Inc. grew its stake in shares of Prologis by 640.0% during the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 224 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Prologis in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Insiders Place Their Bets

In other news, CIO Joseph Ghazal sold 5,200 shares of Prologis stock in a transaction dated Friday, August 23rd. The stock was 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 $1,702,046.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.50% of the stock is currently owned by insiders.

Prologis Trading Down 1.2 %

NYSE PLD traded down $1.39 during trading hours on Monday, hitting $114.44. 1,887,443 shares of the company's stock were exchanged, compared to its average volume of 3,639,586. The business's 50 day moving average is $122.69 and its 200-day moving average is $117.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43. Prologis, Inc. has a 12-month low of $101.11 and a 12-month high of $137.52. The firm has a market capitalization of $105.99 billion, a P/E ratio of 34.99, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. The company's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.30 earnings per share. As a group, analysts anticipate that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Monday, September 16th. Prologis's dividend payout ratio (DPR) is presently 116.01%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PLD shares. The Goldman Sachs Group restated a "neutral" rating and set a $132.00 target price (down previously from $142.00) on shares of Prologis in a report on Monday, October 21st. Morgan Stanley lifted their target price on Prologis from $132.00 to $133.00 and gave the stock an "overweight" rating in a report on Wednesday, August 14th. Bank of America reaffirmed a "neutral" rating and set a $128.00 price target on shares of Prologis in a research report on Monday, August 12th. JPMorgan Chase & Co. lowered their target price on shares of Prologis from $138.00 to $131.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. Finally, Scotiabank reduced their price objective 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. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $131.12.

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.