Mirae Asset Global Investments Co. Ltd. Increases Stock Holdings in Prologis, Inc. $PLD

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 8.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,835 shares of the real estate investment trust’s stock after buying an additional 11,412 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Prologis were worth $17,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Clayton Financial Group LLC acquired a new position in shares of Prologis during the third quarter valued at about $26,000. Silver Oak Securities Incorporated acquired a new position in Prologis during the 3rd quarter valued at approximately $36,000. SJS Investment Consulting Inc. purchased a new position in shares of Prologis in the third quarter worth $44,000. Barrett & Company Inc. acquired a new stake in shares of Prologis during the second quarter worth $44,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Prologis during the second quarter worth $44,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Buying and Selling

In related news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction 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 approximately $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Prologis Stock Up 0.1%

Prologis stock opened at $130.51 on Friday. The business’s 50-day moving average price is $128.87 and its 200 day moving average price is $119.90. The company has a quick ratio of 0.64, a current ratio of 0.19 and a debt-to-equity ratio of 0.61. The firm has a market cap of $121.22 billion, a price-to-earnings ratio of 36.76, a price-to-earnings-growth ratio of 3.23 and a beta of 1.40. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $134.94.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 5.78% and a net margin of 37.86%.The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.1%. Prologis’s dividend payout ratio is 113.80%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Robert W. Baird restated a “neutral” rating and issued a $130.00 target price (up previously from $128.00) on shares of Prologis in a research note on Thursday, January 8th. UBS Group increased their price objective on Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Morgan Stanley set a $135.00 target price on Prologis in a report on Friday, January 16th. BTIG Research increased their price target on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Finally, BMO Capital Markets reissued a “market perform” rating and set a $123.00 price target on shares of Prologis in a research report on Thursday, January 22nd. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.22.

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.