Carroll Financial Associates Inc. raised its holdings in Prologis Inc (NYSE:PLD) by 1,623.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,534 shares of the real estate investment trust’s stock after buying an additional 1,445 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Prologis were worth $110,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc raised its stake in Prologis by 17.4% in the third quarter. Vanguard Group Inc now owns 81,760,597 shares of the real estate investment trust’s stock valued at $5,542,552,000 after buying an additional 12,095,509 shares during the last quarter. BlackRock Inc. raised its stake in Prologis by 2.0% in the fourth quarter. BlackRock Inc. now owns 66,632,462 shares of the real estate investment trust’s stock valued at $3,912,659,000 after buying an additional 1,302,676 shares during the last quarter. Cohen & Steers Inc. raised its stake in Prologis by 1.0% in the fourth quarter. Cohen & Steers Inc. now owns 22,757,529 shares of the real estate investment trust’s stock valued at $1,336,322,000 after buying an additional 229,520 shares during the last quarter. FMR LLC raised its stake in Prologis by 1.7% in the fourth quarter. FMR LLC now owns 19,974,330 shares of the real estate investment trust’s stock valued at $1,172,893,000 after buying an additional 329,598 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Prologis by 118.2% in the third quarter. JPMorgan Chase & Co. now owns 17,082,538 shares of the real estate investment trust’s stock valued at $1,158,026,000 after buying an additional 9,255,117 shares during the last quarter. Institutional investors own 95.57% of the company’s stock.

Shares of PLD stock opened at $73.57 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.13 and a quick ratio of 0.45. The company has a market cap of $46.37 billion, a P/E ratio of 24.28, a P/E/G ratio of 4.32 and a beta of 1.02. Prologis Inc has a twelve month low of $55.21 and a twelve month high of $74.59.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, April 16th. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $696.80 million during the quarter, compared to analysts’ expectations of $687.21 million. Prologis had a return on equity of 6.82% and a net margin of 56.56%. Prologis’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the business earned $0.80 earnings per share. As a group, equities analysts predict that Prologis Inc will post 3.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.53 per share. This is a boost from Prologis’s previous quarterly dividend of $0.48. This represents a $2.12 annualized dividend and a yield of 2.88%. The ex-dividend date was Thursday, March 14th. Prologis’s dividend payout ratio (DPR) is currently 69.97%.

PLD has been the subject of a number of research analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $70.00 price target on shares of Prologis in a research note on Sunday. KeyCorp raised their price objective on Prologis from $72.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Barclays restated a “buy” rating on shares of Prologis in a research note on Thursday, February 21st. ValuEngine upgraded Prologis from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th. Finally, Wells Fargo & Co set a $65.00 price objective on Prologis and gave the stock a “market perform” rating in a research note on Wednesday, January 16th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Prologis currently has an average rating of “Buy” and a consensus target price of $72.15.

In related news, Director Philip L. Hawkins sold 15,000 shares of Prologis stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $68.20, for a total transaction of $1,023,000.00. Following the completion of the transaction, the director now directly owns 44,511 shares in the company, valued at $3,035,650.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eugene F. Reilly sold 19,000 shares of Prologis stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $71.07, for a total value of $1,350,330.00. Following the transaction, the chief executive officer now owns 17,685 shares of the company’s stock, valued at $1,256,872.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 127,126 shares of company stock valued at $8,895,929. 1.10% of the stock is owned by company insiders.

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About Prologis

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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