Parallel Advisors LLC lifted its holdings in shares of Prologis Inc (NYSE:PLD) by 66.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,509 shares of the real estate investment trust’s stock after buying an additional 1,000 shares during the quarter. Parallel Advisors LLC’s holdings in Prologis were worth $162,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. lifted its position in shares of Prologis by 75.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,678 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 1,152 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Prologis in the fourth quarter worth $200,000. BB&T Securities LLC bought a new stake in shares of Prologis in the third quarter worth $213,000. ClariVest Asset Management LLC lifted its position in shares of Prologis by 30,750.0% in the third quarter. ClariVest Asset Management LLC now owns 3,702 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 3,690 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Prologis in the third quarter worth $247,000. Institutional investors own 95.39% of the company’s stock.
Shares of Prologis Inc (NYSE:PLD) traded down $0.14 during midday trading on Wednesday, reaching $63.22. 1,720,000 shares of the company were exchanged, compared to its average volume of 2,990,000. The company has a market cap of $33,640.00, a price-to-earnings ratio of 20.73, a PEG ratio of 4.78 and a beta of 0.88. Prologis Inc has a 1-year low of $48.80 and a 1-year 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 earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 earnings per share for the quarter, beating 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 net margin of 63.11% and a return on equity of 9.12%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. analysts predict that Prologis Inc will post 2.91 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.48 per share. This is an increase from Prologis’s previous quarterly dividend of $0.44. The ex-dividend date is Wednesday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.04%. Prologis’s dividend payout ratio (DPR) is 57.70%.
In related news, insider Lori A. Palazzolo sold 4,900 shares of Prologis stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $65.89, for a total value of $322,861.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William D. Zollars sold 4,020 shares of Prologis 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 completion of the sale, the director now directly owns 20,225 shares of the company’s stock, valued at approximately $1,223,208. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,872 shares of company stock valued at $4,646,598. Insiders own 1.31% of the company’s stock.
PLD has been the topic of several analyst reports. Zacks Investment Research lowered shares of Prologis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Evercore ISI raised shares of Prologis from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. JPMorgan Chase & Co. downgraded shares of Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 price objective on the stock. in a report on Friday, December 15th. BMO Capital Markets set a $68.00 price objective on shares of Prologis and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, Barclays reiterated an “overweight” rating and issued a $72.00 price objective on shares of Prologis in a report on Friday, February 16th. One research 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 stock. The stock presently has an average rating of “Buy” and an average price target of $67.56.
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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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