Prologis, Inc. (NYSE:PLD) Shares Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC boosted its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 20.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,185 shares of the real estate investment trust's stock after acquiring an additional 21,231 shares during the period. Aptus Capital Advisors LLC's holdings in Prologis were worth $15,935,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Cumberland Partners Ltd purchased a new stake in shares of Prologis during the 3rd quarter valued at $1,566,000. Prime Capital Investment Advisors LLC raised its stake in Prologis by 83.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 18,712 shares of the real estate investment trust's stock valued at $2,363,000 after buying an additional 8,502 shares during the last quarter. Savvy Advisors Inc. boosted its holdings in Prologis by 42.3% in the third quarter. Savvy Advisors Inc. now owns 18,404 shares of the real estate investment trust's stock worth $2,324,000 after acquiring an additional 5,472 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of Prologis by 0.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 22,390 shares of the real estate investment trust's stock worth $2,827,000 after acquiring an additional 157 shares during the last quarter. Finally, First National Trust Co increased its stake in Prologis by 1.5% during the 3rd quarter. First National Trust Co now owns 41,728 shares of the real estate investment trust's stock valued at $5,269,000 after purchasing an additional 629 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Price Performance

PLD stock traded down $1.35 during midday trading on Tuesday, reaching $112.75. The stock had a trading volume of 2,674,733 shares, compared to its average volume of 3,643,530. Prologis, Inc. has a 52-week low of $101.11 and a 52-week high of $137.52. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56. The company's fifty day simple moving average is $122.42 and its 200 day simple moving average is $117.85. The company has a market cap of $104.43 billion, a price-to-earnings ratio of 34.47, a price-to-earnings-growth ratio of 3.04 and a beta of 1.08.

Prologis (NYSE:PLD - Get Free Report) last posted 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 company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Prologis had a net margin of 39.08% and a return on equity of 5.34%. Prologis's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 EPS. As a group, sell-side analysts predict that Prologis, Inc. will post 5.45 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.96 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $3.84 annualized dividend and a yield of 3.41%. Prologis's dividend payout ratio (DPR) is presently 116.01%.

Insiders Place Their Bets

In other Prologis 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 completion of 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 legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on PLD. Argus increased their price target on shares of Prologis from $120.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. lowered their target price on Prologis from $138.00 to $131.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. Barclays decreased their price target on Prologis from $142.00 to $131.00 and set an "overweight" rating for the company in a report on Thursday, October 10th. Morgan Stanley raised their price objective on shares of Prologis from $132.00 to $133.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 14th. Finally, Wells Fargo & Company increased their price target on shares of Prologis from $142.00 to $146.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. Eight investment 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $131.12.

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.