Prologis, Inc. $PLD Shares Acquired by Jump Financial LLC

Jump Financial LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 117.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 41,140 shares of the real estate investment trust’s stock after buying an additional 22,180 shares during the quarter. Jump Financial LLC’s holdings in Prologis were worth $4,325,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management lifted its stake in shares of Prologis by 637.1% during the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 223 shares during the period. GKV Capital Management Co. Inc. acquired a new position in Prologis in the first quarter valued at $34,000. Saudi Central Bank purchased a new position in Prologis during the first quarter worth about $41,000. Barrett & Company Inc. purchased a new position in Prologis during the second quarter worth about $44,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Prologis in the 2nd quarter worth about $44,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on PLD. Wells Fargo & Company upped their price objective on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Truist Financial reaffirmed a “buy” rating and set a $131.00 price target (up previously from $120.00) on shares of Prologis in a research report on Monday, October 20th. Barclays cut their price target on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research note on Monday, September 15th. BMO Capital Markets raised shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective for the company in a research note on Monday, October 20th. Finally, Bank of America upgraded Prologis from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $118.00 to $130.00 in a report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.88.

Insider Transactions at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the sale, the director owned 8,208 shares in the company, valued at $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 1,621 shares of company stock valued at $198,655 over the last three months. 0.57% of the stock is owned by company insiders.

Prologis Trading Up 1.9%

NYSE:PLD opened at $129.86 on Thursday. The business’s 50-day moving average is $123.82 and its two-hundred day moving average is $114.34. The firm has a market capitalization of $120.62 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 3.91 and a beta of 1.40. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $130.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.64.

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

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $4.04 annualized dividend and a yield of 3.1%. Prologis’s dividend payout ratio (DPR) is 117.78%.

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.