B. Metzler seel. Sohn & Co. AG Purchases 9,006 Shares of Prologis, Inc. (NYSE:PLD)

B. Metzler seel. Sohn & Co. AG grew its position in shares of Prologis, Inc. (NYSE:PLDGet Rating) by 11.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,991 shares of the real estate investment trust’s stock after buying an additional 9,006 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Prologis were worth $10,587,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PLD. MCF Advisors LLC bought a new position in Prologis during the 1st quarter worth $35,000. Crewe Advisors LLC bought a new position in shares of Prologis in the second quarter worth $37,000. Baystate Wealth Management LLC increased its position in shares of Prologis by 40.3% in the second quarter. Baystate Wealth Management LLC now owns 317 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 91 shares during the period. Hexagon Capital Partners LLC increased its position in shares of Prologis by 208.1% in the second quarter. Hexagon Capital Partners LLC now owns 342 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 231 shares during the period. Finally, SJS Investment Consulting Inc. increased its position in shares of Prologis by 43.5% in the first quarter. SJS Investment Consulting Inc. now owns 267 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 81 shares during the period. Institutional investors own 94.01% of the company’s stock.

Prologis Trading Down 0.2 %

Shares of PLD stock traded down $0.25 during mid-day trading on Thursday, reaching $115.53. 1,585,470 shares of the stock traded hands, compared to its average volume of 3,820,977. The stock’s fifty day simple moving average is $107.96 and its two-hundred day simple moving average is $118.93. Prologis, Inc. has a 1-year low of $98.03 and a 1-year high of $174.54. The company has a market cap of $106.64 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 2.61 and a beta of 0.95. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.46.

Prologis (NYSE:PLDGet Rating) last posted its quarterly earnings data on Wednesday, October 19th. The real estate investment trust reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.31). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Prologis had a return on equity of 10.43% and a net margin of 73.21%. Prologis’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. On average, research analysts anticipate that Prologis, Inc. will post 5.13 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Wednesday, September 14th. Prologis’s dividend payout ratio is currently 58.63%.

Analysts Set New Price Targets

A number of brokerages recently commented on PLD. Wolfe Research upgraded Prologis from a “peer perform” rating to an “outperform” rating and set a $200.00 price target on the stock in a research report on Wednesday, August 24th. Citigroup began coverage on Prologis in a research report on Monday, October 3rd. They issued a “buy” rating and a $120.00 price target on the stock. Wells Fargo & Company raised their price target on Prologis from $127.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday. Evercore ISI raised their price objective on Prologis to $121.00 in a research note on Tuesday, November 15th. Finally, Morgan Stanley started coverage on Prologis in a research note on Monday, October 17th. They issued an “overweight” rating and a $120.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $145.39.

Prologis Company Profile

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Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 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 984 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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