Prologis (NYSE:PLD) Shares Acquired Rep. Thomas H. Kean, Jr.

Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of Prologis, Inc. (NYSE:PLD). In a filing disclosed on May 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Prologis stock on April 24th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Franklin Resources (NYSE:BEN) on 4/28/2025.
• Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 4/24/2025.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 4/24/2025.
• Purchased $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 4/24/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 4/10/2025.
• Sold $1,001 – $15,000 in shares of Fortive (NYSE:FTV) on 4/10/2025.
• Purchased $1,001 – $15,000 in shares of Canadian Pacific Kansas City (NYSE:CP) on 4/10/2025.
• Purchased $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 4/1/2025.
• Purchased $1,001 – $15,000 in shares of nVent Electric (NYSE:NVT) on 4/1/2025.

Prologis Stock Up 1.2%

PLD stock opened at $110.56 on Friday. The company’s 50 day simple moving average is $104.90 and its 200-day simple moving average is $111.12. The firm has a market capitalization of $102.59 billion, a PE ratio of 27.64, a P/E/G ratio of 2.70 and a beta of 1.25. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Equities analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.65%. Prologis’s dividend payout ratio is presently 101.00%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PLD shares. BTIG Research decreased their target price on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Barclays cut their price target on shares of Prologis from $132.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Scotiabank increased their price target on shares of Prologis from $97.00 to $100.00 and gave the stock a “sector underperform” rating in a research note on Monday, May 12th. Wolfe Research downgraded shares of Prologis from an “outperform” rating to a “peer perform” rating in a research note on Monday, April 21st. Finally, Morgan Stanley cut their price target on shares of Prologis to $120.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PLD. Grassi Investment Management boosted its holdings in shares of Prologis by 1.0% in the 4th quarter. Grassi Investment Management now owns 254,325 shares of the real estate investment trust’s stock valued at $26,882,000 after buying an additional 2,400 shares during the period. Accurate Wealth Management LLC boosted its stake in Prologis by 17.0% during the 4th quarter. Accurate Wealth Management LLC now owns 5,082 shares of the real estate investment trust’s stock valued at $527,000 after purchasing an additional 739 shares during the period. Pines Wealth Management LLC acquired a new position in Prologis during the 4th quarter valued at about $741,000. Community Trust & Investment Co. boosted its stake in Prologis by 2.3% during the 4th quarter. Community Trust & Investment Co. now owns 69,925 shares of the real estate investment trust’s stock valued at $7,391,000 after purchasing an additional 1,605 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in Prologis by 2.6% during the 4th quarter. Park Avenue Securities LLC now owns 62,687 shares of the real estate investment trust’s stock valued at $6,626,000 after purchasing an additional 1,572 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.