24,493 Shares in Prologis, Inc. $PLD Bought by Robinson Value Management Ltd.

Robinson Value Management Ltd. bought a new stake in Prologis, Inc. (NYSE:PLD) during the 3rd quarter, Holdings Channel.com reports. The fund bought 24,493 shares of the real estate investment trust’s stock, valued at approximately $2,805,000. Prologis accounts for about 1.6% of Robinson Value Management Ltd.’s holdings, making the stock its 25th biggest position.

Several other hedge funds have also modified their holdings of the company. Clayton Financial Group LLC bought a new position in shares of Prologis during the 3rd quarter worth approximately $26,000. Silver Oak Securities Incorporated purchased a new stake in shares of Prologis during the 3rd quarter valued at $36,000. Barrett & Company Inc. acquired a new stake in shares of Prologis in the 2nd quarter worth $44,000. Twin Peaks Wealth Advisors LLC acquired a new position in Prologis during the 2nd quarter valued at about $44,000. Finally, SJS Investment Consulting Inc. purchased a new stake in Prologis in the third quarter valued at about $44,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLD has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. BMO Capital Markets raised shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective on the stock in a report on Monday, October 20th. UBS Group raised their target price on Prologis from $137.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Truist Financial reissued a “buy” rating and issued a $131.00 price objective (up from $120.00) on shares of Prologis in a report on Monday, October 20th. Finally, Baird R W downgraded Prologis from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.31.

Prologis Stock Up 0.3%

Shares of PLD opened at $133.21 on Tuesday. The company has a market capitalization of $123.74 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 3.91 and a beta of 1.40. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $134.94. The stock’s 50-day moving average price is $128.03 and its 200-day moving average price is $118.74. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The firm had revenue of $2.21 billion for the quarter. On average, sell-side analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.0%. Prologis’s dividend payout ratio is presently 117.78%.

Insider Activity at Prologis

In other news, Director James B. Connor sold 80,000 shares of Prologis stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $126.58, for a total value of $10,126,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the sale, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 81,121 shares of company stock worth $10,267,210. Company insiders own 0.57% of the company’s stock.

Prologis Profile

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.