Blue Capital Inc. Makes New $2.54 Million Investment in Prologis, Inc. $PLD

Blue Capital Inc. purchased a new position in shares of Prologis, Inc. (NYSE:PLD) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 19,176 shares of the real estate investment trust’s stock, valued at approximately $2,535,000. Prologis accounts for 1.7% of Blue Capital Inc.’s investment portfolio, making the stock its 21st largest position.

Other large investors have also made changes to their positions in the company. High Point Wealth Management LLC purchased a new stake in Prologis during the fourth quarter worth $26,000. Ares Financial Consulting LLC purchased a new position in shares of Prologis in the fourth quarter valued at $26,000. Eagle Bay Advisors LLC acquired a new position in shares of Prologis during the 4th quarter worth $27,000. SouthState Bank Corp raised its stake in shares of Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Prologis in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 1.8%

PLD stock opened at $139.21 on Friday. The company has a market cap of $129.79 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 2.97 and a beta of 1.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $142.83 and a 200-day simple moving average of $136.82. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $150.18.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities research analysts expect that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $1.07 per share. The ex-dividend date was Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s payout ratio is presently 107.81%.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PLD shares. Jefferies Financial Group lowered their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Evercore set a $135.00 target price on shares of Prologis in a research note on Friday, April 17th. Truist Financial lifted their price objective on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, April 24th. BNP Paribas Exane upped their target price on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Finally, Raymond James Financial started coverage on Prologis in a research report on Thursday, June 18th. They set a “market perform” rating on the stock. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.00.

Prologis Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.