27,796 Shares in Prologis, Inc. (NYSE:PLD) Bought by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC purchased a new position in Prologis, Inc. (NYSE:PLD - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,796 shares of the real estate investment trust's stock, valued at approximately $3,510,000. Prologis makes up approximately 1.2% of TriaGen Wealth Management LLC's portfolio, making the stock its 15th biggest position.

A number of other large investors have also modified their holdings of the business. Nordea Investment Management AB lifted its position in Prologis by 380.0% during the 1st quarter. Nordea Investment Management AB now owns 333,022 shares of the real estate investment trust's stock worth $43,046,000 after acquiring an additional 263,649 shares during the period. Swedbank AB lifted its holdings in shares of Prologis by 9.2% during the second quarter. Swedbank AB now owns 5,002,274 shares of the real estate investment trust's stock worth $561,805,000 after purchasing an additional 420,687 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in Prologis by 36.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 162,990 shares of the real estate investment trust's stock valued at $18,305,000 after buying an additional 43,235 shares during the last quarter. US Bancorp DE increased its holdings in Prologis by 6.5% in the 1st quarter. US Bancorp DE now owns 676,912 shares of the real estate investment trust's stock worth $88,148,000 after buying an additional 41,469 shares during the period. Finally, Centersquare Investment Management LLC raised its position in Prologis by 5.7% during the 1st quarter. Centersquare Investment Management LLC now owns 6,840,176 shares of the real estate investment trust's stock worth $890,728,000 after buying an additional 367,565 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Insiders Place Their Bets

In related news, CIO Joseph Ghazal sold 5,200 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $129.07, for a total value of $671,164.00. Following the sale, the executive now owns 13,187 shares in the company, valued at approximately $1,702,046.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank of Canada downgraded Prologis from an "outperform" rating to a "sector perform" rating and upped their target price for the stock from $124.00 to $127.00 in a research note on Monday, August 5th. BMO Capital Markets reissued a "market perform" rating and set a $115.00 price target on shares of Prologis in a report on Monday, July 15th. Truist Financial raised their price target on shares of Prologis from $125.00 to $137.00 and gave the company a "buy" rating in a research report on Monday, August 5th. Morgan Stanley upped their price objective on shares of Prologis from $132.00 to $133.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 14th. Finally, Barclays dropped their target price on Prologis from $142.00 to $131.00 and set an "overweight" rating on the stock in a research report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Prologis currently has an average rating of "Moderate Buy" and a consensus price target of $132.71.

Prologis Trading Down 0.2 %

Shares of NYSE PLD traded down $0.20 during midday trading on Friday, reaching $122.50. 3,690,933 shares of the stock were exchanged, compared to its average volume of 3,642,941. The stock has a market capitalization of $113.42 billion, a P/E ratio of 35.82, a PEG ratio of 3.05 and a beta of 1.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.36 and a current ratio of 0.36. The company has a 50 day simple moving average of $125.43 and a 200 day simple moving average of $117.66. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.29). The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Prologis had a net margin of 36.37% and a return on equity of 4.88%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the company earned $1.30 EPS. As a group, equities analysts expect that Prologis, Inc. will post 5.42 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Monday, September 16th. Prologis's payout ratio is 112.28%.

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.