Premia Global Advisors LLC acquired a new stake in shares of Prologis Inc (NYSE:PLD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,985 shares of the real estate investment trust’s stock, valued at approximately $192,000.
Other large investors also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of Prologis by 38.2% during the fourth quarter. Creative Planning now owns 4,778 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 1,321 shares during the period. AXA lifted its stake in Prologis by 11.8% in the third quarter. AXA now owns 607,941 shares of the real estate investment trust’s stock worth $38,580,000 after acquiring an additional 64,245 shares during the period. Goldman Sachs Group Inc. lifted its stake in Prologis by 8.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,652,177 shares of the real estate investment trust’s stock worth $558,151,000 after acquiring an additional 638,453 shares during the period. Hedeker Wealth LLC lifted its stake in Prologis by 6.9% in the fourth quarter. Hedeker Wealth LLC now owns 29,083 shares of the real estate investment trust’s stock worth $1,876,000 after acquiring an additional 1,875 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Prologis by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 11,107,980 shares of the real estate investment trust’s stock worth $704,913,000 after acquiring an additional 146,077 shares during the period. 95.39% of the stock is owned by hedge funds and other institutional investors.
Prologis Inc (PLD) opened at $63.37 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $33,880.91, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 4.78 and a beta of 0.88. Prologis Inc has a twelve month low of $48.80 and a twelve month high of $67.53.
Prologis (NYSE:PLD) last posted its quarterly earnings data on Tuesday, January 23rd. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $550.65 million during the quarter, compared to the consensus estimate of $533.54 million. Prologis had a return on equity of 9.12% and a net margin of 63.11%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. equities analysts forecast that Prologis Inc will post 2.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a $0.48 dividend. This is an increase from Prologis’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.03%. Prologis’s dividend payout ratio is 57.52%.
A number of analysts recently commented on PLD shares. Zacks Investment Research lowered Prologis from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Evercore ISI raised Prologis from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. JPMorgan Chase & Co. lowered Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 price target for the company. in a research note on Friday, December 15th. BMO Capital Markets set a $68.00 price target on Prologis and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, Barclays reaffirmed an “overweight” rating and issued a $72.00 price target on shares of Prologis in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $67.56.
In other Prologis news, Director William D. Zollars sold 4,020 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total value of $243,129.60. Following the completion of the transaction, the director now owns 20,225 shares in the company, valued at $1,223,208. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lori A. Palazzolo sold 4,900 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $65.89, for a total value of $322,861.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,872 shares of company stock valued at $4,646,598. 1.31% of the stock is owned by corporate insiders.
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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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