Freedom Day Solutions LLC Makes New $208,000 Investment in Prologis, Inc. (NYSE:PLD)

Freedom Day Solutions LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,650 shares of the real estate investment trust’s stock, valued at approximately $208,000.

Several other large investors have also made changes to their positions in PLD. International Assets Investment Management LLC lifted its position in shares of Prologis by 8.8% in the first quarter. International Assets Investment Management LLC now owns 1,846 shares of the real estate investment trust’s stock valued at $236,000 after acquiring an additional 149 shares in the last quarter. Brookstone Capital Management purchased a new stake in shares of Prologis during the first quarter worth $222,000. Wealthcare Advisory Partners LLC raised its position in shares of Prologis by 28.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,518 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 563 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Prologis by 3.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 272,548 shares of the real estate investment trust’s stock worth $35,491,000 after buying an additional 9,639 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its position in Prologis by 0.3% during the first quarter. Artemis Investment Management LLP now owns 72,269 shares of the real estate investment trust’s stock worth $9,154,000 after acquiring an additional 236 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Down 0.4 %

NYSE:PLD opened at $120.39 on Friday. Prologis, Inc. has a 52 week low of $96.64 and a 52 week high of $137.52. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average is $125.26 and its two-hundred day moving average is $117.54. The stock has a market capitalization of $111.46 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 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 firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Prologis had a net margin of 36.37% and a return on equity of 4.88%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.30 earnings per share. Research analysts anticipate that Prologis, Inc. will post 5.42 EPS for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.96 dividend. The ex-dividend date was Monday, September 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.19%. Prologis’s dividend payout ratio (DPR) is 112.28%.

Insider Activity

In other Prologis news, CIO Joseph Ghazal sold 5,200 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $132.00 price objective (down previously from $142.00) on shares of Prologis in a report on Monday. Truist Financial lifted their price objective on Prologis from $125.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. StockNews.com raised Prologis from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Evercore ISI lifted their price target on Prologis from $124.00 to $128.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company upped their price objective on shares of Prologis from $142.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average target price of $131.47.

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.