AG2R LA Mondiale Gestion D Actifs Acquires New Position in Prologis, Inc. $PLD

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new position in Prologis, Inc., purchasing 34,901 shares valued at approximately $3.79 million during the first quarter.
• Prologis reported a quarterly EPS of $1.46, exceeding expectations, and announced a $1.01 quarterly dividend with a 3.5% dividend yield.
• Analyst ratings for Prologis show a consensus of "Moderate Buy" with an average price target of $121.83, suggesting positive outlook among market analysts.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,901 shares of the real estate investment trust's stock, valued at approximately $3,790,000.

A number of other large investors also recently bought and sold shares of PLD. Nuveen LLC acquired a new stake in shares of Prologis in the first quarter worth $1,456,768,000. Valeo Financial Advisors LLC increased its position in shares of Prologis by 282.5% in the first quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust's stock worth $433,229,000 after acquiring an additional 2,862,183 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Prologis by 83.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,779,830 shares of the real estate investment trust's stock worth $399,528,000 after acquiring an additional 1,723,129 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Prologis in the fourth quarter worth $163,970,000. Finally, SG Americas Securities LLC increased its position in shares of Prologis by 5,678.8% in the first quarter. SG Americas Securities LLC now owns 1,436,773 shares of the real estate investment trust's stock worth $160,617,000 after acquiring an additional 1,411,910 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

Prologis stock opened at $115.09 on Friday. The firm's 50 day simple moving average is $109.03 and its 200-day simple moving average is $108.10. The company has a market cap of $106.83 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $132.39.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, topping the consensus estimate of $1.41 by $0.05. The business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The firm's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company posted $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, equities research analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 16th. Prologis's dividend payout ratio (DPR) is currently 109.49%.

Analyst Ratings Changes

Several research firms have recently issued reports on PLD. Scotiabank set a $114.00 price objective on shares of Prologis and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the stock an "overweight" rating in a research report on Sunday, July 13th. UBS Group lifted their price objective on shares of Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Citigroup cut their price objective on shares of Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $121.83.

Insider Buying and Selling

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total value of $2,783,250.00. Following the completion of the sale, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total transaction of $111,000.00. Following the completion of the sale, the director owned 9,829 shares of the company's stock, valued at $1,091,019. This trade represents a 9.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

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.

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