TCW Group Inc. lowered its holdings in Prologis Inc (NYSE:PLD) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 370,386 shares of the real estate investment trust’s stock after selling 84,770 shares during the period. TCW Group Inc. owned approximately 0.07% of Prologis worth $23,893,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Capital Growth Management LP acquired a new stake in shares of Prologis in the fourth quarter worth $19,353,000. UBS Asset Management Americas Inc. increased its position in shares of Prologis by 4.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,779,036 shares of the real estate investment trust’s stock worth $179,276,000 after acquiring an additional 127,540 shares in the last quarter. BlackRock Inc. increased its position in shares of Prologis by 0.8% in the fourth quarter. BlackRock Inc. now owns 53,388,532 shares of the real estate investment trust’s stock worth $3,444,094,000 after acquiring an additional 430,576 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Prologis by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 11,150,415 shares of the real estate investment trust’s stock worth $719,315,000 after acquiring an additional 42,435 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Prologis by 1.9% in the fourth quarter. Rhumbline Advisers now owns 1,035,497 shares of the real estate investment trust’s stock worth $66,800,000 after acquiring an additional 19,649 shares in the last quarter. 93.45% of the stock is owned by institutional investors.
In other Prologis news, Director William D. Zollars sold 4,020 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $60.48, for a total transaction of $243,129.60. Following the transaction, the director now directly owns 20,225 shares in the company, valued at approximately $1,223,208. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lori A. Palazzolo sold 4,900 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $65.89, for a total transaction of $322,861.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,872 shares of company stock valued at $6,843,648. Company insiders own 1.31% of the company’s stock.
Shares of Prologis Inc (PLD) opened at $61.88 on Tuesday. The firm has a market cap of $33,038.69, a price-to-earnings ratio of 20.26, a P/E/G ratio of 4.66 and a beta of 0.83. Prologis Inc has a fifty-two week low of $48.80 and a fifty-two week high of $67.53. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.51.
Prologis (NYSE:PLD) last released its quarterly earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. The business had revenue of $550.65 million during the quarter, compared to analyst estimates of $533.54 million. Prologis had a net margin of 63.11% and a return on equity of 9.12%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $0.63 EPS. equities analysts anticipate that Prologis Inc will post 2.9 earnings per share for the current year.
Several equities research analysts have recently issued reports on the stock. Barclays reissued an “overweight” rating and issued a $72.00 price objective on shares of Prologis in a research report on Friday. Robert W. Baird increased their price objective on shares of Prologis from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Jefferies Group reissued a “neutral” rating on shares of Prologis in a research report on Wednesday, January 24th. Cantor Fitzgerald set a $69.00 price objective on shares of Prologis and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, BMO Capital Markets set a $68.00 price objective on shares of Prologis and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Prologis currently has an average rating of “Buy” and an average price target of $67.56.
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Prologis Company Profile
Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.
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