Mirabella Financial Services LLP Grows Stock Holdings in Prologis, Inc. $PLD

Mirabella Financial Services LLP raised its stake in Prologis, Inc. (NYSE:PLD) by 154.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,738 shares of the real estate investment trust’s stock after buying an additional 10,762 shares during the period. Mirabella Financial Services LLP’s holdings in Prologis were worth $2,027,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Clayton Financial Group LLC acquired a new position in Prologis during the third quarter worth $26,000. Silver Oak Securities Incorporated acquired a new stake in Prologis in the third quarter valued at $36,000. Rossby Financial LCC increased its position in shares of Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 135 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of Prologis in the third quarter valued at $39,000. Finally, Clear Investment Research LLC raised its stake in shares of Prologis by 34.5% during the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 88 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on PLD. Citigroup began coverage on shares of Prologis in a research report on Thursday, March 5th. They issued a “buy” rating and a $145.00 price objective on the stock. Truist Financial dropped their target price on shares of Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a report on Monday, January 26th. UBS Group lifted their target price on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Mizuho increased their price target on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, BTIG Research increased their price target on shares of Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $137.20.

Prologis Stock Up 1.7%

PLD opened at $134.03 on Tuesday. The firm has a market cap of $124.59 billion, a P/E ratio of 37.75, a PEG ratio of 3.12 and a beta of 1.41. The business’s fifty day simple moving average is $134.59 and its 200 day simple moving average is $126.51. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $143.95. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting the consensus estimate of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. Prologis’s payout ratio is currently 113.80%.

Prologis Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.