Prologis Inc (PLD) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC lifted its stake in shares of Prologis Inc (NYSE:PLD) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,209,902 shares of the real estate investment trust’s stock after buying an additional 75,567 shares during the period. Parametric Portfolio Associates LLC owned about 0.23% of Prologis worth $76,780,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. AXA increased its holdings in shares of Prologis by 11.8% during the third quarter. AXA now owns 607,941 shares of the real estate investment trust’s stock worth $38,580,000 after buying an additional 64,245 shares in the last quarter. Shelton Capital Management acquired a new position in shares of Prologis during the third quarter worth $458,000. Public Employees Retirement System of Ohio increased its holdings in shares of Prologis by 1.5% during the third quarter. Public Employees Retirement System of Ohio now owns 829,053 shares of the real estate investment trust’s stock worth $52,612,000 after buying an additional 12,639 shares in the last quarter. Archford Capital Strategies LLC acquired a new position in shares of Prologis during the third quarter worth $497,000. Finally, Neuberger Berman Group LLC increased its holdings in shares of Prologis by 3.2% during the third quarter. Neuberger Berman Group LLC now owns 1,882,047 shares of the real estate investment trust’s stock worth $119,435,000 after buying an additional 58,790 shares in the last quarter. Institutional investors own 95.57% of the company’s stock.
Shares of Prologis Inc (PLD) opened at $65.98 on Monday. The firm has a market capitalization of $35,106.77, a price-to-earnings ratio of 23.82, a P/E/G ratio of 4.34 and a beta of 0.91. Prologis Inc has a 1-year low of $48.33 and a 1-year high of $67.53. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53.
Prologis (NYSE:PLD) last posted its quarterly earnings data on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.67. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The business had revenue of $531.18 million during the quarter, compared to the consensus estimate of $573.68 million. During the same period in the prior year, the business posted $0.14 earnings per share. Prologis’s quarterly revenue was down 5.2% on a year-over-year basis. equities analysts anticipate that Prologis Inc will post 2.8 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $1.76 dividend on an annualized basis and a yield of 2.67%. Prologis’s payout ratio is currently 52.85%.
In other Prologis news, CEO Eugene F. Reilly sold 18,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $66.55, for a total transaction of $1,197,900.00. Following the completion of the sale, the chief executive officer now directly owns 63,365 shares in the company, valued at approximately $4,216,940.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eugene F. Reilly sold 15,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $66.61, for a total value of $999,150.00. Following the sale, the chief executive officer now owns 63,365 shares of the company’s stock, valued at $4,220,742.65. The disclosure for this sale can be found here. Company insiders own 1.31% of the company’s stock.
Several research analysts have recently issued reports on PLD shares. SunTrust Banks upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, September 5th. Bank of America set a $72.00 price objective on Prologis and gave the company a “buy” rating in a report on Wednesday, October 25th. BMO Capital Markets began coverage on Prologis in a report on Monday, September 11th. They issued an “outperform” rating and a $69.00 price objective for the company. KeyCorp restated a “buy” rating and issued a $65.00 price objective on shares of Prologis in a report on Sunday, August 27th. Finally, Citigroup increased their price objective on Prologis from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Prologis presently has a consensus rating of “Buy” and an average price target of $66.29.
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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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