Prologis, Inc. $PLD Stock: International Assets Investment Management LLC Raises Stake

International Assets Investment Management LLC boosted its stake in Prologis, Inc. (NYSE:PLD) by 2,862.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,452 shares of the real estate investment trust’s stock after buying an additional 65,175 shares during the period. International Assets Investment Management LLC’s holdings in Prologis were worth $8,758,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Prologis during the second quarter valued at $14,006,587,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Prologis by 4.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,753,884 shares of the real estate investment trust’s stock worth $1,998,709,000 after acquiring an additional 618,467 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Prologis by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,565,453 shares of the real estate investment trust’s stock worth $1,528,636,000 after acquiring an additional 110,681 shares during the period. Legal & General Group Plc bought a new stake in Prologis in the 2nd quarter valued at about $1,473,965,000. Finally, Bank of America Corp DE acquired a new position in Prologis during the 2nd quarter valued at about $1,427,256,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Trading Up 0.1%

Prologis stock opened at $128.09 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.70 and a current ratio of 0.81. The firm has a market cap of $121.75 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31. The firm’s 50 day moving average price is $132.95 and its two-hundred day moving average price is $137.78. Prologis, Inc. has a 1 year low of $121.40 and a 1 year high of $153.35.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.3%. Prologis’s dividend payout ratio (DPR) is currently 94.48%.

Analysts Set New Price Targets

Several research analysts have commented on PLD shares. Royal Bank Of Canada upgraded shares of Prologis from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $148.00 to $160.00 in a research report on Tuesday, August 4th. Robert W. Baird lowered their target price on Prologis from $140.00 to $136.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 20th. Weiss Ratings downgraded Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Mizuho boosted their price target on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Finally, Williams Trading set a $150.00 price target on Prologis in a research report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $154.68.

Prologis Profile

Prologis, Inc is a global real estate investment trust that owns, develops, acquires and manages logistics properties. Its portfolio primarily includes warehouses, distribution centers and fulfillment facilities used by retailers, manufacturers, transportation companies and other businesses to support supply-chain operations and e-commerce.

The company also provides property management, development and leasing services, along with related supply-chain and customer solutions. Through its Prologis Essentials platform, it offers services and technologies designed to help customers improve warehouse operations, including energy, mobility and operational solutions.

Prologis serves major population centers and trade corridors across North America, Europe, Asia and Latin America.