Davis Selected Advisers Purchases 21,924 Shares of Prologis, Inc. (NYSE:PLD)

Davis Selected Advisers increased its position in shares of Prologis, Inc. (NYSE:PLD – Get Rating) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 239,446 shares of the real estate investment trust’s stock after buying an additional 21,924 shares during the period. Davis Selected Advisers’ holdings in Prologis were worth $26,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PLD. Atwood & Palmer Inc. purchased a new position in Prologis during the 4th quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC grew its stake in Prologis by 4,000.0% in the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 246 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 240 shares during the period. Financial Management Professionals Inc. grew its stake in shares of Prologis by 69.2% in the fourth quarter. Financial Management Professionals Inc. now owns 269 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 110 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of Prologis during the fourth quarter valued at $30,000. Finally, First Personal Financial Services boosted its position in Prologis by 331.2% in the fourth quarter. First Personal Financial Services now owns 332 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.

Prologis Stock Up 1.9 %

PLD traded up $2.32 on Friday, hitting $124.30. 1,149,495 shares of the company were exchanged, compared to its average volume of 2,886,525. Prologis, Inc. has a 12 month low of $98.03 and a 12 month high of $138.86. The company has a market cap of $114.79 billion, a PE ratio of 37.43, a PEG ratio of 2.88 and a beta of 1.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.35 and a current ratio of 0.35. The stock’s fifty day moving average is $122.26 and its 200-day moving average is $120.67.

Prologis (NYSE:PLD – Get Rating) last posted its quarterly earnings data on Tuesday, April 18th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.71). Prologis had a return on equity of 5.54% and a net margin of 41.06%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the business posted $1.09 earnings per share. The business’s revenue was up 64.3% on a year-over-year basis. Equities research analysts predict that Prologis, Inc. will post 5.49 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $3.48 annualized dividend and a yield of 2.80%. Prologis’s payout ratio is 105.14%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PLD shares. Robert W. Baird boosted their target price on shares of Prologis from $125.00 to $133.00 and gave the company a “neutral” rating in a research note on Thursday, April 20th. The Goldman Sachs Group lifted their price target on Prologis from $157.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Raymond James boosted their target price on Prologis from $130.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, February 1st. UBS Group increased their price target on Prologis from $141.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, April 19th. Finally, Barclays dropped their price objective on Prologis from $162.00 to $160.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 31st. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.90.

About Prologis

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Prologis, Inc engages in providing logistics solutions and services. It operates through the Real Estate and Strategic Capital segments. The Real Estate segment includes rental operations and development. The Strategic Capital segment represents the management of co-investment ventures and other unconsolidated entities.