Jump Financial LLC Makes New $2.12 Million Investment in Prologis, Inc. $PLD

Key Points

• Jump Financial LLC has acquired 18,960 shares of Prologis, Inc. valued at approximately $2,120,000, indicating a strong institutional interest in the real estate investment trust.
• Insider trading activity noted a significant decrease, as CAO Lori A. Palazzolo sold 25,000 shares, representing a 98.37% reduction in her holdings.
• Analysts have provided mixed predictions on Prologis, with price targets set between $119.00 and $140.00, reflecting a consensus rating of "Moderate Buy."

Jump Financial LLC purchased a new position in Prologis, Inc. (NYSE:PLD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,960 shares of the real estate investment trust's stock, valued at approximately $2,120,000.

Several other large investors also recently added to or reduced their stakes in PLD. REAP Financial Group LLC increased its position in shares of Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 84 shares during the period. Pandora Wealth Inc. purchased a new position in Prologis during the 1st quarter worth $34,000. GKV Capital Management Co. Inc. purchased a new position in Prologis during the 1st quarter worth $34,000. Olde Wealth Management LLC purchased a new stake in shares of Prologis in the 1st quarter worth $43,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of Prologis by 63.6% during the first quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 152 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Trading Up 1.1%

Prologis stock traded up $1.29 during trading on Monday, reaching $113.93. 2,827,596 shares of the company were exchanged, compared to its average volume of 3,019,988. The company has a market capitalization of $105.76 billion, a P/E ratio of 30.88, a PEG ratio of 2.85 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. The stock's 50 day simple moving average is $107.91 and its two-hundred day simple moving average is $108.44. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the business posted $1.34 earnings per share. The firm's revenue for the quarter was up 8.8% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, equities research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. Prologis's dividend payout ratio is presently 109.49%.

Insider Buying and Selling

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the completion of the transaction, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. This trade represents a 98.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PLD shares. Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Scotiabank set a $114.00 price target on shares of Prologis and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Robert W. Baird cut their price objective on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. UBS Group lifted their price objective on shares of Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Citigroup decreased their price target on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Two research 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 company's stock. Based on data from MarketBeat, Prologis has an average rating of "Moderate Buy" and an average price target of $121.83.

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.