Mirabella Financial Services LLP Purchases New Holdings in Prologis, Inc. (NYSE:PLD)

Mirabella Financial Services LLP purchased a new position in shares of Prologis, Inc. (NYSE:PLD) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,918 shares of the real estate investment trust’s stock, valued at approximately $1,365,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Phoenix Financial Ltd. boosted its holdings in shares of Prologis by 1.0% in the fourth quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust’s stock valued at $955,000 after acquiring an additional 86 shares in the last quarter. Principle Wealth Partners LLC boosted its holdings in Prologis by 2.9% in the 4th quarter. Principle Wealth Partners LLC now owns 3,302 shares of the real estate investment trust’s stock valued at $349,000 after purchasing an additional 92 shares in the last quarter. Black Diamond Financial LLC increased its position in Prologis by 2.2% during the 4th quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust’s stock worth $449,000 after purchasing an additional 93 shares during the period. Berkshire Bank raised its stake in shares of Prologis by 2.3% during the 4th quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust’s stock worth $443,000 after buying an additional 95 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in shares of Prologis by 1.7% in the 4th quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust’s stock valued at $642,000 after buying an additional 100 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Prologis

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total value of $1,305,783.78. Following the transaction, the executive now owns 7,977 shares in the company, valued at $947,188.98. This trade represents a 57.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Raymond James reissued a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Scotiabank reiterated a “sector underperform” rating and set a $97.00 price target (down from $133.00) on shares of Prologis in a research report on Monday, April 7th. BMO Capital Markets lowered their price target on Prologis from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley reduced their price objective on Prologis to $120.00 and set an “outperform” rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.32.

Prologis Stock Up 1.6 %

PLD stock opened at $101.89 on Monday. The company has a 50 day moving average price of $111.44 and a two-hundred day moving average price of $113.13. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The stock has a market capitalization of $94.45 billion, a P/E ratio of 25.47, a PEG ratio of 2.70 and a beta of 1.20. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. As a group, sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were given a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This is a boost from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a dividend yield of 3.96%. Prologis’s dividend payout ratio (DPR) is currently 101.00%.

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.