MBB Public Markets I LLC Invests $315,000 in Prologis, Inc. $PLD

Key Points

• MBB Public Markets I LLC made a new investment of $315,000 in Prologis, Inc., acquiring 2,817 shares of the real estate investment trust in Q1.
• Several hedge funds significantly increased their holdings in Prologis during the first quarter, with Ascent Group LLC raising its position by 19.7% and Kestra Investment Management LLC increasing its holdings by 194.9%.
• Prologis recently announced a quarterly dividend of $1.01 per share with a yield of 3.6%, highlighting a strong dividend payout ratio of 109.49%.

MBB Public Markets I LLC purchased a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,817 shares of the real estate investment trust's stock, valued at approximately $315,000.

A number of other large investors also recently bought and sold shares of PLD. Activest Wealth Management increased its position in shares of Prologis by 637.1% in the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 223 shares in the last quarter. REAP Financial Group LLC increased its position in shares of Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 84 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Prologis in the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Prologis in the first quarter valued at approximately $34,000. Finally, Saudi Central Bank purchased a new stake in shares of Prologis in the first quarter valued at approximately $41,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PLD shares. Citigroup cut their price objective on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company set a $137.00 price objective on Prologis and gave the company an "overweight" rating in a research report on Sunday, July 13th. Scotiabank set a $114.00 price objective on Prologis and gave the company a "sector perform" rating in a research report on Wednesday, August 27th. UBS Group boosted their price target on Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen downgraded Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $121.83.

Prologis Trading Up 0.6%

Shares of PLD traded up $0.66 during midday trading on Friday, reaching $115.48. The company had a trading volume of 3,547,364 shares, compared to its average volume of 3,077,774. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.39. The stock has a market cap of $107.20 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 2.88 and a beta of 1.26. The firm has a 50 day simple moving average of $109.18 and a 200-day simple moving average of $108.05. 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 issued its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (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 business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the company earned $1.34 EPS. The company's revenue for the quarter was up 8.8% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

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

Insiders Place Their Bets

In other news, 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 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 approximately $46,090.62. This represents a 98.37% decrease in their position. The transaction 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 stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total value of $111,000.00. Following the transaction, the director owned 9,829 shares of the company's stock, valued at approximately $1,091,019. This represents a 9.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company's stock.

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.