Rosenberg Matthew Hamilton Buys 630 Shares of Prologis, Inc. $PLD
by Scott Moore · The Cerbat GemRosenberg Matthew Hamilton grew its stake in shares of Prologis, Inc. (NYSE:PLD – Free Report) by 35.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,416 shares of the real estate investment trust’s stock after buying an additional 630 shares during the period. Rosenberg Matthew Hamilton’s holdings in Prologis were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after purchasing an additional 15,078 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Prologis by 19.6% during the 1st quarter. GAMMA Investing LLC now owns 11,926 shares of the real estate investment trust’s stock valued at $1,333,000 after purchasing an additional 1,956 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Prologis by 9.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 55,605 shares of the real estate investment trust’s stock valued at $6,216,000 after purchasing an additional 4,851 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Prologis by 3.1% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,506 shares of the real estate investment trust’s stock valued at $615,000 after purchasing an additional 167 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Prologis by 17.2% during the first quarter. Exchange Traded Concepts LLC now owns 7,066 shares of the real estate investment trust’s stock worth $790,000 after acquiring an additional 1,035 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.
Prologis Stock Up 6.4%
Shares of Prologis stock opened at $122.83 on Thursday. The business’s 50 day simple moving average is $112.45 and its 200 day simple moving average is $107.91. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $127.65. The firm has a market cap of $114.07 billion, a PE ratio of 33.29, a P/E/G ratio of 2.92 and a beta of 1.28. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65.
Prologis (NYSE:PLD – Get Free Report) last posted its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.05. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.
Prologis Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.3%. Prologis’s payout ratio is 109.49%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on PLD shares. Scotiabank set a $114.00 price objective on shares of Prologis and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Prologis in a research report on Wednesday, October 8th. Barclays lowered their price objective on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research report on Monday, September 15th. UBS Group increased their price objective on shares of Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Citigroup dropped their target price on Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.58.
View Our Latest Research Report on Prologis
Insider Activity at Prologis
In other Prologis news, Director Cristina Gabriela Bita sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total transaction of $111,000.00. Following the transaction, the director owned 9,829 shares of the company’s stock, valued at $1,091,019. The trade was a 9.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total value of $2,783,250.00. Following the transaction, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,500 shares of company stock worth $2,952,095 in the last ninety days. Insiders own 0.57% of the company’s stock.
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.
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