Tandem Capital Management Corp ADV Acquires 310 Shares of Prologis, Inc. (NYSE:PLD)

Tandem Capital Management Corp ADV lifted its holdings in Prologis, Inc. (NYSE:PLD) by 1.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 19,427 shares of the real estate investment trust’s stock after purchasing an additional 310 shares during the quarter. Prologis comprises about 1.4% of Tandem Capital Management Corp ADV’s holdings, making the stock its 21st biggest holding. Tandem Capital Management Corp ADV’s holdings in Prologis were worth $2,530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Capital Advisory LLC acquired a new position in shares of Prologis during the second quarter valued at $26,000. Semmax Financial Advisors Inc. acquired a new position in Prologis during the 2nd quarter valued at about $27,000. Central Valley Advisors LLC bought a new position in shares of Prologis in the 2nd quarter valued at about $29,000. Sunbelt Securities Inc. grew its position in shares of Prologis by 640.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 224 shares during the period. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Prologis during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Buying and Selling

In other news, CIO Joseph Ghazal sold 5,200 shares of the 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 completion of the sale, the executive now owns 13,187 shares in the company, valued at $1,702,046.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PLD has been the subject of several research analyst reports. Morgan Stanley boosted their price target on shares of Prologis from $132.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th. Royal Bank of Canada cut Prologis from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $124.00 to $127.00 in a report on Monday, August 5th. Wells Fargo & Company boosted their price objective on Prologis from $142.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. StockNews.com raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, Bank of America restated a “neutral” rating and issued a $128.00 price target on shares of Prologis in a report on Monday, August 12th. Eight investment 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. According to MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus target price of $131.47.

Prologis Trading Down 0.6 %

Shares of NYSE PLD traded down $0.75 during midday trading on Friday, reaching $119.64. The stock had a trading volume of 181,809 shares, compared to its average volume of 3,631,702. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52. 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’s 50 day moving average price is $125.26 and its 200 day moving average price is $117.54. The firm has a market cap of $110.77 billion, a price-to-earnings ratio of 35.20, a price-to-earnings-growth ratio of 3.05 and a beta of 1.07.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 EPS. As a group, sell-side analysts expect that Prologis, Inc. will post 5.42 EPS for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.21%. 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.