Mission Creek Capital Partners Inc. Has $2.14 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

Mission Creek Capital Partners Inc. boosted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,255 shares of the real estate investment trust’s stock after purchasing an additional 502 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Prologis were worth $2,141,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new stake in Prologis in the 4th quarter valued at $26,000. Crowley Wealth Management Inc. bought a new position in shares of Prologis during the fourth quarter valued at $27,000. Centricity Wealth Management LLC acquired a new stake in shares of Prologis in the 4th quarter valued at $30,000. Whipplewood Advisors LLC bought a new stake in shares of Prologis in the 4th quarter worth about $34,000. Finally, Promus Capital LLC acquired a new stake in shares of Prologis during the 4th quarter worth about $34,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on PLD. Truist Financial boosted their price target on shares of Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Morgan Stanley reduced their target price on Prologis to $120.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Evercore ISI dropped their price target on Prologis from $111.00 to $106.00 and set an “in-line” rating for the company in a report on Thursday, April 17th. BNP Paribas raised Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, BTIG Research cut their price target on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.32.

Insider Activity at Prologis

In other 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 transaction of $1,305,783.78. Following the transaction, the executive now directly owns 7,977 shares of the company’s stock, valued at $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Prologis Price Performance

Shares of PLD stock opened at $102.31 on Friday. The firm’s 50 day moving average price is $109.48 and its two-hundred day moving average price is $112.52. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The stock has a market cap of $94.84 billion, a PE ratio of 25.58, a PEG ratio of 2.70 and a beta of 1.20.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. As a group, analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.95%. This is an increase from Prologis’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Tuesday, March 18th. Prologis’s dividend payout ratio (DPR) is currently 101.00%.

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.