Dana Investment Advisors Inc. reduced its holdings in shares of Prologis, Inc. (NYSE:PLD) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,738 shares of the real estate investment trust’s stock after selling 11,237 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Prologis were worth $13,882,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Guardian Life Insurance Co. of America boosted its holdings in Prologis by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,039 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 14 shares during the last quarter. Shine Investment Advisory Services Inc. boosted its holdings in Prologis by 0.6% during the second quarter. Shine Investment Advisory Services Inc. now owns 8,929 shares of the real estate investment trust’s stock worth $524,000 after purchasing an additional 52 shares during the last quarter. Creative Planning boosted its holdings in Prologis by 3.4% during the second quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 69 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in Prologis by 0.5% during the second quarter. LS Investment Advisors LLC now owns 15,478 shares of the real estate investment trust’s stock worth $908,000 after purchasing an additional 76 shares during the last quarter. Finally, BKD Wealth Advisors LLC boosted its holdings in Prologis by 1.3% during the second quarter. BKD Wealth Advisors LLC now owns 6,091 shares of the real estate investment trust’s stock worth $357,000 after purchasing an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 95.94% of the company’s stock.

Shares of Prologis, Inc. (NYSE:PLD) traded up 0.492% during mid-day trading on Thursday, reaching $64.395. 439,934 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $63.44 and its 200-day moving average price is $58.19. The stock has a market cap of $34.25 billion, a price-to-earnings ratio of 28.903 and a beta of 0.92. Prologis, Inc. has a 12-month low of $45.93 and a 12-month high of $65.49.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, July 18th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $766.18 million for the quarter, compared to the consensus estimate of $576.00 million. Prologis had a net margin of 43.99% and a return on equity of 6.65%. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. Equities research analysts forecast that Prologis, Inc. will post ($0.27) earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, September 15th. Prologis’s payout ratio is presently 79.28%.

In other news, Director Carl B. Webb sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $61.38, for a total transaction of $1,227,600.00. Following the sale, the director now owns 66,078 shares of the company’s stock, valued at approximately $4,055,867.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.31% of the company’s stock.

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Several research firms recently weighed in on PLD. Evercore ISI restated an “outperform” rating and set a $64.00 price target (up from $61.00) on shares of Prologis in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Monday, September 25th. BTIG Research restated a “buy” rating and set a $68.00 price target (up from $62.00) on shares of Prologis in a report on Wednesday, September 27th. KeyCorp boosted their price target on shares of Prologis from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. Finally, Barclays PLC restated an “overweight” rating and set a $61.00 price target (up from $59.00) on shares of Prologis in a report on Monday, July 24th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Prologis presently has an average rating of “Buy” and an average price target of $61.69.

Prologis Profile

Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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