Prologis, Inc. (PLD) Holdings Cut by Kemper Corp Master Retirement Trust
Kemper Corp Master Retirement Trust trimmed its holdings in shares of Prologis, Inc. (NYSE:PLD) by 7.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,398 shares of the real estate investment trust’s stock after selling 1,825 shares during the period. Kemper Corp Master Retirement Trust’s holdings in Prologis were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Guardian Life Insurance Co. of America lifted its holdings in Prologis by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,039 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 14 shares during the last quarter. Creative Planning lifted its holdings in Prologis by 3.4% during the 2nd quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 69 shares during the last quarter. Evercore Wealth Management LLC lifted its holdings in Prologis by 18.2% during the 2nd quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 350 shares during the last quarter. Independent Portfolio Consultants Inc. lifted its holdings in Prologis by 82.0% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,718 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 1,225 shares during the last quarter. Finally, Solaris Asset Management LLC lifted its holdings in Prologis by 11.0% during the 2nd quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 310 shares during the last quarter. 95.94% of the stock is owned by institutional investors.
In other Prologis news, Director Carl B. Webb sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $61.38, for a total value of $1,227,600.00. Following the transaction, the director now owns 66,078 shares of the company’s stock, valued at $4,055,867.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.31% of the company’s stock.
Prologis, Inc. (PLD) traded down 0.08% during mid-day trading on Friday, hitting $64.52. The stock had a trading volume of 1,201,776 shares. Prologis, Inc. has a 12-month low of $45.93 and a 12-month high of $65.49. The company has a 50-day moving average of $63.60 and a 200-day moving average of $58.33. The firm has a market cap of $34.32 billion, a PE ratio of 28.96 and a beta of 0.92.
Prologis (NYSE:PLD) last issued its earnings results on Tuesday, July 18th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.06. Prologis had a net margin of 43.99% and a return on equity of 6.65%. The firm had revenue of $766.18 million for the quarter, compared to analysts’ expectations of $576.00 million. During the same quarter last year, the company posted $0.60 earnings per share. Prologis’s revenue was up 27.2% on a year-over-year basis. Analysts expect that Prologis, Inc. will post ($0.27) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 18th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.76 dividend on an annualized basis and a yield of 2.73%. Prologis’s dividend payout ratio is currently 79.28%.
PLD has been the subject of a number of recent analyst reports. KeyCorp lifted their price target on Prologis from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. BidaskClub raised Prologis from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Monday, July 31st. Bank of America Corporation raised Prologis from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $58.00 to $65.00 in a report on Friday, June 23rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $60.00 price target on shares of Prologis in a report on Thursday, July 6th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $61.69.
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Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.
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