Prologis, Inc. (NYSE:PLD) Shares Bought by CVA Family Office LLC

CVA Family Office LLC grew its holdings in Prologis, Inc. (NYSE:PLD) by 27.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 857 shares of the real estate investment trust’s stock after purchasing an additional 186 shares during the quarter. CVA Family Office LLC’s holdings in Prologis were worth $108,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Optimum Investment Advisors acquired a new stake in Prologis during the 1st quarter valued at $26,000. American Capital Advisory LLC purchased a new stake in Prologis during the 2nd quarter worth about $26,000. Semmax Financial Advisors Inc. acquired a new position in Prologis in the 2nd quarter valued at about $27,000. Central Valley Advisors LLC purchased a new position in Prologis in the 2nd quarter valued at about $29,000. Finally, Sunbelt Securities Inc. boosted its stake 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 purchasing an additional 224 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of analyst reports. Scotiabank boosted their price objective on shares of Prologis from $135.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. Evercore ISI increased their price target on Prologis from $124.00 to $128.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. StockNews.com raised Prologis from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Royal Bank of Canada lowered Prologis from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $124.00 to $127.00 in a research note on Monday, August 5th. Finally, Bank of America reaffirmed a “neutral” rating and set a $128.00 price objective on shares of Prologis in a research note on Monday, August 12th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average target price of $132.71.

Prologis Trading Up 1.7 %

Shares of PLD opened at $120.24 on Monday. Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52. The stock’s 50-day moving average is $125.23 and its two-hundred day moving average is $117.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market cap of $111.32 billion, a PE ratio of 35.16, a P/E/G ratio of 3.05 and a beta of 1.07.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.41). Prologis had a return on equity of 4.88% and a net margin of 36.37%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the company earned $1.83 EPS. The firm’s revenue was down 18.1% compared to the same quarter last year. Equities analysts forecast that Prologis, Inc. will post 5.42 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.96 dividend. The ex-dividend date was Monday, September 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.19%. Prologis’s payout ratio is currently 112.28%.

Insider Activity

In related news, CIO Joseph Ghazal sold 5,200 shares of the business’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

About Prologis

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.