Hennion & Walsh Asset Management Inc. decreased its holdings in shares of Prologis, Inc. (NYSE:PLD – Free Report) by 15.4% in the third quarter, Holdings Channel.com reports. The firm owned 6,298 shares of the real estate investment trust’s stock after selling 1,143 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Prologis were worth $795,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. American Capital Advisory LLC bought a new stake in shares of Prologis during the second quarter valued at approximately $26,000. Semmax Financial Advisors Inc. bought a new stake in shares of Prologis during the second quarter valued at approximately $27,000. Central Valley Advisors LLC bought a new stake in shares of Prologis during the second quarter valued at approximately $29,000. Sunbelt Securities Inc. increased 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 valued at $29,000 after acquiring an additional 224 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Prologis during the second quarter valued at approximately $31,000. Institutional investors own 93.50% of the company’s stock.
Insider Buying and Selling
In related news, CIO Joseph Ghazal sold 5,200 shares of the company’s stock in a transaction on 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 transaction, the executive now owns 13,187 shares of the company’s stock, valued at approximately $1,702,046.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on PLD
Prologis Trading Down 2.4 %
Shares of PLD stock opened at $117.54 on Monday. The company has a market cap of $108.82 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 3.05 and a beta of 1.07. 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 firm has a fifty day moving average price of $125.06 and a 200-day moving average price of $117.41. Prologis, Inc. has a 1 year low of $96.64 and a 1 year high of $137.52.
Prologis (NYSE:PLD – Get Free Report) last issued its earnings results 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 firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Prologis had a return on equity of 4.88% and a net margin of 36.37%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 EPS. As a group, equities analysts predict that Prologis, Inc. will post 5.42 earnings per share for the current year.
Prologis Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.27%. The ex-dividend date was Monday, September 16th. Prologis’s dividend payout ratio is currently 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.
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