Strategic Investment Advisors MI Acquires Shares of 2,084 Prologis, Inc. (NYSE:PLD)


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Strategic Investment Advisors MI acquired a new stake in Prologis, Inc. (NYSE:PLD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,084 shares of the real estate investment trust’s stock, valued at approximately $208,000.

A number of other large investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of Prologis by 3.8% during the third quarter. BlackRock Inc. now owns 74,573,539 shares of the real estate investment trust’s stock worth $7,503,588,000 after buying an additional 2,758,591 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Prologis by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 27,054,679 shares of the real estate investment trust’s stock worth $2,694,917,000 after buying an additional 2,051,834 shares in the last quarter. PGGM Investments lifted its holdings in shares of Prologis by 9.1% during the third quarter. PGGM Investments now owns 8,577,655 shares of the real estate investment trust’s stock worth $863,084,000 after buying an additional 718,859 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Prologis by 4.1% during the third quarter. UBS Asset Management Americas Inc. now owns 6,400,319 shares of the real estate investment trust’s stock worth $644,000,000 after buying an additional 250,106 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Prologis by 3.9% during the third quarter. Morgan Stanley now owns 5,085,584 shares of the real estate investment trust’s stock worth $511,709,000 after buying an additional 192,178 shares in the last quarter. Hedge funds and other institutional investors own 94.75% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Prologis from a “buy” rating to a “hold” rating and set a $111.00 target price for the company. in a report on Thursday, October 8th. The Goldman Sachs Group began coverage on Prologis in a research note on Tuesday, September 29th. They issued a “buy” rating for the company. BTIG Research boosted their price target on Prologis from $100.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 30th. BidaskClub raised Prologis from a “sell” rating to a “hold” rating in a research note on Friday, December 18th. Finally, UBS Group began coverage on Prologis in a research note on Friday, October 16th. They issued a “buy” rating and a $126.00 price target for the company. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Prologis presently has a consensus rating of “Buy” and an average price target of $107.80.

Shares of NYSE PLD opened at $95.41 on Thursday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.43. The company has a market cap of $70.53 billion, a price-to-earnings ratio of 42.40, a PEG ratio of 3.60 and a beta of 0.90. Prologis, Inc. has a 12 month low of $59.82 and a 12 month high of $112.37. The stock has a 50-day moving average price of $97.81 and a two-hundred day moving average price of $100.21.

Prologis (NYSE:PLD) last issued its earnings results on Tuesday, October 20th. The real estate investment trust reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.48). The business had revenue of $984.00 million for the quarter, compared to analyst estimates of $955.32 million. Prologis had a return on equity of 5.55% and a net margin of 43.27%. The firm’s revenue was up 38.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. On average, sell-side analysts predict that Prologis, Inc. will post 3.7 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 31st. Stockholders of record on Friday, December 18th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, December 17th. Prologis’s dividend payout ratio (DPR) is currently 70.09%.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 2020, 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 976 million square feet (91 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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