GWN Securities Inc. Sells 5,229 Shares of Prologis, Inc. $PLD

GWN Securities Inc. reduced its position in shares of Prologis, Inc. (NYSE:PLD) by 53.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,579 shares of the real estate investment trust’s stock after selling 5,229 shares during the quarter. GWN Securities Inc.’s holdings in Prologis were worth $526,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Clayton Financial Group LLC bought a new stake in Prologis during the third quarter valued at approximately $26,000. Silver Oak Securities Incorporated bought a new position in Prologis in the third quarter worth approximately $36,000. SJS Investment Consulting Inc. purchased a new position in shares of Prologis during the 3rd quarter worth $44,000. Barrett & Company Inc. bought a new stake in shares of Prologis during the 2nd quarter valued at $44,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Prologis in the 2nd quarter worth $44,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Transactions at Prologis

In other Prologis 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This represents 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 have sold 81,121 shares of company stock valued at $10,267,210. Company insiders own 0.57% of the company’s stock.

Prologis Stock Up 1.4%

NYSE PLD opened at $132.05 on Thursday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.22. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. The stock has a market cap of $122.66 billion, a PE ratio of 38.50, a P/E/G ratio of 3.82 and a beta of 1.40. The stock’s 50 day moving average is $127.54 and its 200 day moving average is $118.11.

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. 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. Research analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed 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. This represents a $4.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s dividend payout ratio is 117.78%.

Analysts Set New Price Targets

PLD has been the topic of several analyst reports. UBS Group lifted their target price on Prologis from $137.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Truist Financial reaffirmed a “buy” rating and set a $131.00 price objective (up from $120.00) on shares of Prologis in a research report on Monday, October 20th. Barclays reissued an “overweight” rating and issued a $139.00 target price on shares of Prologis in a report on Tuesday. Wells Fargo & Company lifted their price target on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Finally, Industrial Alliance Securities set a $119.00 price objective on shares of Prologis in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

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.