MTM Investment Management LLC Makes New $153,000 Investment in Prologis, Inc. $PLD

MTM Investment Management LLC bought a new stake in Prologis, Inc. (NYSE:PLD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,454 shares of the real estate investment trust’s stock, valued at approximately $153,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stratos Wealth Partners LTD. lifted its holdings in Prologis by 0.7% in the second quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after buying an additional 93 shares during the period. Michael S. Ryan Inc. boosted its stake in Prologis by 2.9% during the 2nd quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust’s stock valued at $348,000 after purchasing an additional 94 shares during the last quarter. LaSalle St. Investment Advisors LLC increased its holdings in Prologis by 3.7% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 96 shares in the last quarter. Van Hulzen Asset Management LLC grew its position in Prologis by 5.6% in the 1st quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock worth $201,000 after purchasing an additional 96 shares during the period. Finally, Palogic Value Management L.P. raised its stake in Prologis by 4.7% during the 2nd quarter. Palogic Value Management L.P. now owns 2,130 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 96 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PLD shares. BMO Capital Markets raised shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective on the stock in a report on Monday, October 20th. Mizuho set a $118.00 price target on shares of Prologis and gave the company an “outperform” rating in a report on Tuesday, August 19th. UBS Group set a $133.00 price target on Prologis in a report on Monday, November 10th. Industrial Alliance Securities set a $119.00 target price on shares of Prologis in a report on Monday, October 20th. Finally, Barclays dropped their price objective on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $125.39.

Prologis Price Performance

Prologis stock opened at $122.71 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.65. The stock has a market cap of $113.98 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 3.13 and a beta of 1.29. The firm has a 50-day moving average of $119.14 and a two-hundred day moving average of $111.77. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $127.50.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.3%. Prologis’s payout ratio is currently 117.78%.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 1,000 shares of the stock in a transaction 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 sale, the director directly 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the firm’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 value of $2,783,250.00. Following the completion of the sale, the chief accounting officer directly owned 414 shares in the company, valued at approximately $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 27,000 shares of company stock valued at $3,013,665. 0.57% of the stock is owned by company 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.