Opus Capital Group LLC Sells 790 Shares of Prologis, Inc. (NYSE:PLD)
Opus Capital Group LLC cut its holdings in Prologis, Inc. (NYSE:PLD) by 15.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,297 shares of the real estate investment trust’s stock after selling 790 shares during the period. Opus Capital Group LLC’s holdings in Prologis were worth $455,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. JJJ Advisors Inc. increased its stake in shares of Prologis by 512.2% in the fourth quarter. JJJ Advisors Inc. now owns 251 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 210 shares during the period. Lountzis Asset Management LLC acquired a new position in shares of Prologis in the 4th quarter worth approximately $27,000. Vantage Consulting Group Inc acquired a new position in shares of Prologis in the 4th quarter worth approximately $27,000. MPS Loria Financial Planners LLC acquired a new position in shares of Prologis in the 4th quarter worth approximately $28,000. Finally, Black Swift Group LLC acquired a new position in shares of Prologis in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 94.07% of the company’s stock.
PLD has been the topic of several recent analyst reports. Evercore ISI raised Prologis from an “in-line” rating to an “outperform” rating and set a $121.00 target price on the stock in a report on Wednesday, January 27th. Raymond James initiated coverage on Prologis in a report on Thursday, April 22nd. They set a “strong-buy” rating and a $125.00 price objective on the stock. Morgan Stanley upped their target price on shares of Prologis from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday. TheStreet upgraded shares of Prologis from a “c+” rating to a “b” rating in a research report on Friday. Finally, BTIG Research upped their target price on shares of Prologis from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, April 22nd. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $119.17.
Prologis (NYSE:PLD) last released its earnings results on Sunday, April 18th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.08. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $992.53 million. Prologis had a return on equity of 4.67% and a net margin of 38.21%. The company’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. As a group, equities analysts expect that Prologis, Inc. will post 3.77 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Wednesday, June 16th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Tuesday, June 15th. Prologis’s dividend payout ratio (DPR) is presently 76.13%.
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries.
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