Gateway Investment Advisers LLC Has $20.42 Million Position in Prologis, Inc. $PLD

Gateway Investment Advisers LLC lessened its stake in shares of Prologis, Inc. (NYSE:PLD) by 28.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,339 shares of the real estate investment trust’s stock after selling 69,753 shares during the period. Gateway Investment Advisers LLC’s holdings in Prologis were worth $20,423,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Clayton Financial Group LLC bought a new stake in shares of Prologis during the 3rd quarter worth $26,000. Silver Oak Securities Incorporated acquired a new position in Prologis during the 3rd quarter worth $36,000. SJS Investment Consulting Inc. acquired a new position in Prologis during the 3rd quarter worth $44,000. Barrett & Company Inc. bought a new stake in Prologis during the second quarter valued at about $44,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Prologis in the second quarter valued at about $44,000. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Industrial Alliance Securities set a $119.00 price objective on Prologis in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Scotiabank upped their price target on Prologis from $127.00 to $133.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Bank of America upgraded shares of Prologis from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $118.00 to $130.00 in a research note on Tuesday, September 16th. Finally, Evercore ISI boosted their target price on shares of Prologis from $116.00 to $118.00 in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.24.

Prologis Price Performance

Shares of PLD stock opened at $129.03 on Friday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $131.70. The company has a market capitalization of $119.85 billion, a P/E ratio of 37.62, a P/E/G ratio of 3.78 and a beta of 1.40. The stock has a 50 day moving average of $126.81 and a two-hundred day moving average of $116.80. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62.

Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter. The business had revenue of $2.21 billion for the quarter. Prologis had a return on equity of 5.55% and a net margin of 36.71%. As a group, equities analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a $1.01 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s dividend payout ratio is currently 117.78%.

Insider Activity at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the transaction, the director directly owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.