MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $15.15 Million Holdings in Prologis, Inc. $PLD

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Prologis, Inc. by 2.8%, acquiring an additional 3,749 shares during the first quarter, bringing their total ownership to 135,548 shares worth approximately $15.15 million.
• Institutional investors and hedge funds collectively own 93.50% of Prologis' stock, indicating strong institutional interest in the company.
• Prologis has announced a quarterly dividend of $1.01 per share, yielding 3.5%, with an upcoming ex-dividend date on September 16th.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 2.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 135,548 shares of the real estate investment trust's stock after acquiring an additional 3,749 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Prologis were worth $15,153,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its holdings in shares of Prologis by 31.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 12,434 shares of the real estate investment trust's stock worth $1,390,000 after acquiring an additional 2,982 shares during the period. Gotham Asset Management LLC lifted its holdings in shares of Prologis by 0.5% during the 1st quarter. Gotham Asset Management LLC now owns 95,646 shares of the real estate investment trust's stock worth $10,692,000 after acquiring an additional 492 shares during the period. Eventide Asset Management LLC lifted its holdings in shares of Prologis by 131.1% during the 1st quarter. Eventide Asset Management LLC now owns 53,449 shares of the real estate investment trust's stock worth $5,923,000 after acquiring an additional 30,321 shares during the period. Clark Capital Management Group Inc. lifted its holdings in shares of Prologis by 2.9% during the 1st quarter. Clark Capital Management Group Inc. now owns 741,475 shares of the real estate investment trust's stock worth $82,890,000 after acquiring an additional 21,013 shares during the period. Finally, Banque Transatlantique SA lifted its holdings in shares of Prologis by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 3,665 shares of the real estate investment trust's stock worth $379,000 after acquiring an additional 2,085 shares during the period. 93.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Prologis Price Performance

Shares of NYSE PLD traded up $0.66 during trading on Friday, reaching $115.48. The company had a trading volume of 3,363,726 shares, compared to its average volume of 4,381,011. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.39. The stock has a market cap of $107.20 billion, a PE ratio of 31.30, a PEG ratio of 2.78 and a beta of 1.26. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65. The business's 50 day moving average price is $109.03 and its 200-day moving average price is $108.10.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.05. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The company'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. 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 will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $1.01 per share. The ex-dividend date is Tuesday, September 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. Prologis's payout ratio is currently 109.49%.

Insider Buying and Selling

In related news, Director Cristina Gabriela Bita sold 1,000 shares of the business's 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 transaction, the director owned 9,829 shares in the company, valued at approximately $1,091,019. The trade was a 9.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total transaction 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 represents a 98.37% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.

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.