Commerzbank Aktiengesellschaft FI Acquires 5,269 Shares of Prologis, Inc. $PLD

Key Points

• Commerzbank Aktiengesellschaft FI increased its holdings in Prologis, Inc. by 13.2% during the second quarter, now owning 45,335 shares valued at approximately $4.77 million.
• Prologis recently declared a quarterly dividend of $1.01 per share, yielding 3.5%, with a current dividend payout ratio of 109.49%.
• Wall Street analysts have mixed ratings for Prologis, with a consensus rating of "Moderate Buy" and an average target price of $122.58.

Commerzbank Aktiengesellschaft FI raised its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 13.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,335 shares of the real estate investment trust's stock after acquiring an additional 5,269 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Prologis were worth $4,766,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PLD. Nuveen LLC bought a new position in Prologis during the first quarter valued at approximately $1,456,768,000. Valeo Financial Advisors LLC grew its position in Prologis by 282.5% during the first quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust's stock valued at $433,229,000 after acquiring an additional 2,862,183 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Prologis by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust's stock valued at $1,113,994,000 after acquiring an additional 1,146,454 shares during the last quarter. Strs Ohio bought a new position in Prologis during the first quarter valued at approximately $98,308,000. Finally, Vanguard Group Inc. grew its position in Prologis by 0.7% during the first quarter. Vanguard Group Inc. now owns 121,339,410 shares of the real estate investment trust's stock valued at $13,564,533,000 after acquiring an additional 869,310 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Performance

Shares of PLD stock opened at $114.40 on Friday. The stock has a fifty day moving average of $111.66 and a 200 day moving average of $107.77. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $127.65. The firm has a market capitalization of $106.24 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.93 and a beta of 1.28. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61.

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

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.5%. Prologis's dividend payout ratio (DPR) is presently 109.49%.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of analyst reports. Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Weiss Ratings reissued a "hold (c)" rating on shares of Prologis in a research note on Wednesday. Citigroup dropped their price objective on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. UBS Group increased their price objective on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Mizuho set a $118.00 price objective on Prologis and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Prologis has a consensus rating of "Moderate Buy" and an average target price of $122.58.

Insiders Place Their Bets

In related news, Director Cristina Gabriela Bita sold 500 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $115.69, for a total value of $57,845.00. Following the completion of the sale, the director owned 9,329 shares of the company's stock, valued at $1,079,272.01. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction on 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 completion of 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 disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock valued at $2,952,095 in the last ninety days. 0.57% of the stock is currently owned by insiders.

About Prologis

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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