M Holdings Securities Inc. Invests $1.21 Million in Prologis, Inc. $PLD

M Holdings Securities Inc. purchased a new stake in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,435 shares of the real estate investment trust’s stock, valued at approximately $1,207,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jump Financial LLC acquired a new stake in Prologis during the 1st quarter worth approximately $2,120,000. Ally Financial Inc. increased its position in shares of Prologis by 16.7% during the first quarter. Ally Financial Inc. now owns 28,000 shares of the real estate investment trust’s stock worth $3,130,000 after acquiring an additional 4,000 shares during the period. Inspire Investing LLC raised its stake in shares of Prologis by 9.0% in the first quarter. Inspire Investing LLC now owns 90,605 shares of the real estate investment trust’s stock valued at $10,129,000 after acquiring an additional 7,518 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Prologis in the first quarter valued at $21,792,000. Finally, Coordinated Financial Services Inc. purchased a new position in Prologis in the second quarter valued at $389,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 0.8%

Shares of NYSE:PLD opened at $128.10 on Friday. The firm has a 50 day simple moving average of $122.76 and a 200-day simple moving average of $113.69. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $130.45. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $118.99 billion, a PE ratio of 37.35, a P/E/G ratio of 3.97 and a beta of 1.40.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.05. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, equities analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is 117.78%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Industrial Alliance Securities set a $119.00 price target on Prologis in a report on Monday, October 20th. Evercore ISI boosted their price objective on Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Prologis in a research note on Monday. BMO Capital Markets raised shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 target price on the stock in a report on Monday, October 20th. Finally, Barclays lowered their price target on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.78.

Insider Transactions at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the sale, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 1,621 shares of company stock valued at $198,655. 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.