Nomura Asset Management Co. Ltd. lifted its holdings in shares of Prologis Inc (NYSE:PLD) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 510,148 shares of the real estate investment trust’s stock after purchasing an additional 5,976 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Prologis were worth $40,863,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PLD. Comerica Securities Inc. increased its holdings in Prologis by 58.0% during the 4th quarter. Comerica Securities Inc. now owns 6,659 shares of the real estate investment trust’s stock worth $391,000 after purchasing an additional 2,445 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Prologis by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 9,243,695 shares of the real estate investment trust’s stock worth $541,949,000 after buying an additional 636,563 shares during the last quarter. First Allied Advisory Services Inc. boosted its stake in shares of Prologis by 6.8% during the 1st quarter. First Allied Advisory Services Inc. now owns 4,276 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 274 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of Prologis during the 1st quarter worth about $296,000. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Prologis by 1.3% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 108,219 shares of the real estate investment trust’s stock worth $7,786,000 after buying an additional 1,400 shares during the last quarter. 97.08% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on PLD. Deutsche Bank increased their price objective on shares of Prologis from $74.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Zacks Investment Research downgraded shares of Prologis from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. SunTrust Banks increased their price objective on shares of Prologis from $81.00 to $89.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. KeyCorp increased their price objective on shares of Prologis from $79.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Finally, Morgan Stanley increased their price objective on shares of Prologis from $75.00 to $78.50 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.68.

NYSE:PLD traded down $0.05 during mid-day trading on Friday, hitting $83.99. The stock had a trading volume of 127,632 shares, compared to its average volume of 1,967,950. Prologis Inc has a twelve month low of $55.21 and a twelve month high of $85.76. The stock has a market cap of $52.55 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 4.48 and a beta of 1.03. The company’s 50 day simple moving average is $82.41 and its 200 day simple moving average is $77.40. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.54 and a current ratio of 0.54.

Prologis (NYSE:PLD) last issued its earnings results on Monday, July 15th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.16). Prologis had a net margin of 55.04% and a return on equity of 6.55%. The firm had revenue of $700.69 million during the quarter, compared to analyst estimates of $704.19 million. During the same quarter last year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 28.6% on a year-over-year basis. As a group, equities analysts forecast that Prologis Inc will post 3.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $2.12 annualized dividend and a yield of 2.52%. Prologis’s dividend payout ratio (DPR) is currently 69.97%.

In related news, insider Eugene F. Reilly sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $81.72, for a total value of $1,021,500.00. Following the completion of the sale, the insider now directly owns 10,685 shares in the company, valued at approximately $873,178.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas S. Olinger sold 13,051 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $82.25, for a total transaction of $1,073,444.75. Following the completion of the sale, the chief financial officer now owns 20,667 shares of the company’s stock, valued at $1,699,860.75. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Prologis Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2018, 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 768 million square feet (71 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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