Prologis, Inc. (NYSE:PLD) Shares Purchased by Napa Wealth Management

Napa Wealth Management boosted its holdings in Prologis, Inc. (NYSE:PLD) by 21.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,432 shares of the real estate investment trust’s stock after acquiring an additional 429 shares during the period. Napa Wealth Management’s holdings in Prologis were worth $307,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. American Capital Advisory LLC acquired a new position in Prologis during the 2nd quarter valued at approximately $26,000. Semmax Financial Advisors Inc. acquired a new position in shares of Prologis during the second quarter valued at $27,000. Central Valley Advisors LLC bought a new position in shares of Prologis during the second quarter worth about $29,000. Sunbelt Securities Inc. grew its position 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 worth $29,000 after acquiring an additional 224 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Prologis in the 2nd quarter worth about $31,000. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 5,200 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $129.07, for a total transaction of $671,164.00. Following the sale, the executive now owns 13,187 shares in the company, valued at $1,702,046.09. The trade was a 28.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

Prologis Stock Down 0.0 %

PLD stock opened at $113.38 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market cap of $105.01 billion, a PE ratio of 34.27, a P/E/G ratio of 2.98 and a beta of 1.08. Prologis, Inc. has a 12 month low of $101.11 and a 12 month high of $137.52. The firm has a 50 day simple moving average of $121.34 and a 200 day simple moving average of $118.16.

Prologis (NYSE:PLD) last released 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 the consensus estimate of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.30 earnings per share. Equities research analysts forecast that Prologis, Inc. will post 5.45 earnings per share for the current fiscal year.

Prologis Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PLD. Scotiabank reduced 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 note on Friday, October 25th. Barclays decreased their price objective on Prologis from $142.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company lifted their target price on Prologis from $142.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Bank of America reissued a “neutral” rating and set a $128.00 price target on shares of Prologis in a report on Monday, August 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $132.00 price objective (down from $142.00) on shares of Prologis in a research note on Monday, October 21st. Eight 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.12.

Prologis 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.