Mizuho Securities USA LLC Increases Stock Holdings in Prologis, Inc. (NYSE:PLD)

Mizuho Securities USA LLC lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 46.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,780 shares of the real estate investment trust’s stock after acquiring an additional 27,740 shares during the period. Mizuho Securities USA LLC’s holdings in Prologis were worth $9,278,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Garland Capital Management Inc. acquired a new stake in shares of Prologis during the fourth quarter valued at $2,671,000. Lee Danner & Bass Inc. boosted its stake in shares of Prologis by 3.4% during the fourth quarter. Lee Danner & Bass Inc. now owns 3,801 shares of the real estate investment trust’s stock valued at $402,000 after acquiring an additional 125 shares during the last quarter. HUB Investment Partners LLC boosted its stake in shares of Prologis by 10.4% during the fourth quarter. HUB Investment Partners LLC now owns 55,358 shares of the real estate investment trust’s stock valued at $5,851,000 after acquiring an additional 5,235 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Prologis by 37.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 497,673 shares of the real estate investment trust’s stock valued at $52,604,000 after acquiring an additional 134,391 shares during the last quarter. Finally, Fiduciary Group LLC boosted its stake in shares of Prologis by 5.9% during the fourth quarter. Fiduciary Group LLC now owns 4,098 shares of the real estate investment trust’s stock valued at $433,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on PLD shares. Truist Financial increased their price objective on Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Baird R W raised Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. BTIG Research decreased their price target on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Raymond James reissued a “market perform” rating on shares of Prologis in a research note on Monday, February 3rd. Finally, Robert W. Baird raised their price target on Prologis from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.78.

Prologis Stock Performance

Prologis stock opened at $108.27 on Friday. The stock’s 50-day moving average is $117.54 and its 200-day moving average is $117.07. The company has a market cap of $100.35 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $132.57.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a dividend of $1.01 per share. This is an increase from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Tuesday, March 18th. Prologis’s dividend payout ratio (DPR) is presently 101.00%.

Insider Activity at Prologis

In related news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the sale, the executive now directly owns 7,977 shares in the company, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Prologis Company 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.