SYSTM Wealth Solutions LLC Has $156,000 Stake in Prologis, Inc. (NYSE:PLD)

SYSTM Wealth Solutions LLC lowered its stake in Prologis, Inc. (NYSE:PLD) by 18.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,389 shares of the real estate investment trust’s stock after selling 320 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Prologis were worth $156,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Gilbert & Cook Inc. lifted its stake in shares of Prologis by 4.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,487 shares of the real estate investment trust’s stock valued at $731,000 after acquiring an additional 233 shares during the period. Gryphon Financial Partners LLC lifted its position in Prologis by 61.6% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,234 shares of the real estate investment trust’s stock valued at $692,000 after purchasing an additional 1,995 shares during the period. TrinityPoint Wealth LLC boosted its stake in shares of Prologis by 18.0% in the 4th quarter. TrinityPoint Wealth LLC now owns 2,228 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 340 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its stake in shares of Prologis by 17.3% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 3,832 shares of the real estate investment trust’s stock valued at $511,000 after purchasing an additional 565 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Prologis by 3.7% during the 4th quarter. Clearbridge Investments LLC now owns 636,496 shares of the real estate investment trust’s stock worth $84,845,000 after buying an additional 22,554 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the topic of several analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $115.00 price objective on shares of Prologis in a research note on Monday, July 15th. Barclays raised their price target on Prologis from $123.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group upped their price objective on Prologis from $140.00 to $156.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Argus raised their target price on Prologis from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, StockNews.com upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.35.

Insider Activity at Prologis

In other Prologis news, CIO Joseph Ghazal sold 5,200 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $129.07, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Prologis Trading Down 1.4 %

Shares of NYSE:PLD opened at $127.05 on Thursday. The company’s fifty day simple moving average is $125.21 and its 200 day simple moving average is $118.73. Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52. The firm has a market cap of $117.63 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 3.36 and a beta of 1.07. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.52.

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

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.96 per share. The ex-dividend date is Monday, September 16th. This represents a $3.84 annualized dividend and a yield of 3.02%. Prologis’s dividend payout ratio (DPR) is presently 112.28%.

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.