Quantinno Capital Management LP boosted its stake in Prologis, Inc. (NYSE:PLD – Free Report) by 22.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,195 shares of the real estate investment trust’s stock after buying an additional 42,791 shares during the quarter. Quantinno Capital Management LP’s holdings in Prologis were worth $30,692,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of PLD. High Note Wealth LLC raised its holdings in shares of Prologis by 43.9% during the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 76 shares during the last quarter. Hibernia Wealth Partners LLC lifted its position in shares of Prologis by 2.5% in the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 76 shares in the last quarter. Quadrant Private Wealth Management LLC lifted its position in shares of Prologis by 4.4% in the first quarter. Quadrant Private Wealth Management LLC now owns 1,818 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 77 shares in the last quarter. Dakota Community Bank & Trust NA boosted its stake in shares of Prologis by 3.4% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock worth $306,000 after acquiring an additional 79 shares during the last quarter. Finally, Dearborn Partners LLC boosted its stake in shares of Prologis by 4.2% in the fourth quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 79 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.
Prologis Price Performance
PLD stock opened at $144.94 on Friday. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $153.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.51. The firm has a market capitalization of $135.24 billion, a PE ratio of 32.28 and a beta of 1.32. The business has a 50 day simple moving average of $143.78 and a 200-day simple moving average of $139.17.
Insider Activity
In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
PLD has been the subject of several recent research reports. Mizuho increased their price objective on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a research note on Wednesday. Argus upped their target price on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, April 17th. UBS Group upped their target price on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $154.00.
View Our Latest Analysis on PLD
About Prologis
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.
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