Prologis, Inc. (PLD) Shares Bought by Advisor Group Inc.
Advisor Group Inc. lifted its position in Prologis, Inc. (NYSE:PLD) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,443 shares of the real estate investment trust’s stock after acquiring an additional 389 shares during the period. Advisor Group Inc.’s holdings in Prologis were worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Guardian Life Insurance Co. of America boosted its stake in shares of Prologis by 0.7% in 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 acquiring an additional 14 shares during the last quarter. Creative Planning boosted its stake in shares of Prologis by 3.4% in the second quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 69 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of Prologis by 82.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,718 shares of the real estate investment trust’s stock worth $159,000 after acquiring an additional 1,225 shares during the last quarter. Solaris Asset Management LLC boosted its stake in shares of Prologis by 11.0% in the second quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 310 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Prologis by 40.7% during the second quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 915 shares during the last quarter. 95.94% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on PLD shares. BidaskClub lowered Prologis from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reissued a “hold” rating and set a $60.00 price objective (up previously from $54.00) on shares of Prologis in a research note on Sunday, June 25th. Barclays PLC reissued an “overweight” rating and set a $61.00 price objective (up previously from $59.00) on shares of Prologis in a research note on Monday, July 24th. KeyCorp reissued a “buy” rating and set a $65.00 price objective on shares of Prologis in a research note on Sunday, August 27th. Finally, BTIG Research reissued a “buy” rating and set a $68.00 price objective (up previously from $62.00) on shares of Prologis in a research note on Wednesday, September 27th. 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. Prologis has an average rating of “Buy” and an average price target of $61.69.
Shares of Prologis, Inc. (NYSE:PLD) opened at 64.52 on Friday. The stock has a market cap of $34.32 billion, a P/E ratio of 28.96 and a beta of 0.92. Prologis, Inc. has a 52-week low of $45.93 and a 52-week high of $65.49. The firm has a 50-day moving average price of $63.60 and a 200-day moving average price of $58.33.
Prologis (NYSE:PLD) last posted its quarterly earnings data on Tuesday, July 18th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Prologis had a return on equity of 6.65% and a net margin of 43.99%. The business had revenue of $766.18 million for the quarter, compared to analysts’ expectations of $576.00 million. During the same quarter last year, the firm earned $0.60 earnings per share. The business’s revenue was up 27.2% on a year-over-year basis. On average, analysts anticipate that Prologis, Inc. will post ($0.27) EPS for the current fiscal year.
The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Friday, September 15th. Prologis’s dividend payout ratio (DPR) is 79.28%.
In other news, Director Carl B. Webb sold 20,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was 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 in the company, valued at $4,055,867.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.31% of the stock is owned by company insiders.
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Prologis Company 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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