Prologis, Inc. $PLD Stake Lifted by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. raised its stake in Prologis, Inc. (NYSE:PLD) by 25.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 20,565 shares of the real estate investment trust’s stock after buying an additional 4,159 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Prologis were worth $2,162,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Activest Wealth Management increased its holdings in shares of Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 223 shares during the period. Pandora Wealth Inc. bought a new position in Prologis in the 1st quarter worth about $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Prologis in the first quarter valued at approximately $34,000. Saudi Central Bank bought a new stake in shares of Prologis during the first quarter valued at approximately $41,000. Finally, Barrett & Company Inc. acquired a new position in shares of Prologis during the second quarter worth approximately $44,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total value of $2,783,250.00. Following the transaction, the chief accounting officer owned 414 shares of the company’s stock, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total value of $111,000.00. Following the sale, the director owned 9,829 shares in the company, valued at approximately $1,091,019. The trade was a 9.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,000 shares of company stock worth $3,013,665 over the last 90 days. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PLD shares. Truist Financial reaffirmed a “buy” rating and set a $131.00 target price (up previously from $120.00) on shares of Prologis in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Prologis in a research note on Wednesday. Industrial Alliance Securities set a $119.00 price objective on shares of Prologis in a report on Monday, October 20th. Barclays lowered their target price on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research note on Monday, September 15th. Finally, UBS Group set a $133.00 price target on shares of Prologis in a research note on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.39.

Prologis Price Performance

Shares of NYSE PLD opened at $125.89 on Friday. The firm has a 50-day moving average of $120.18 and a two-hundred day moving average of $112.40. The company has a market capitalization of $116.94 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 3.13 and a beta of 1.29. The company has a current ratio of 0.64, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $127.50.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, beating the consensus estimate of $1.44 by $0.05. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 earnings per share. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. As a group, analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 16th. Prologis’s payout ratio is presently 117.78%.

Prologis 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.