Prologis, Inc. $PLD Stock Holdings Decreased by Generate Investment Management Ltd

Generate Investment Management Ltd lowered its stake in shares of Prologis, Inc. (NYSE:PLD) by 40.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,648 shares of the real estate investment trust’s stock after selling 49,743 shares during the period. Generate Investment Management Ltd’s holdings in Prologis were worth $8,434,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Quarry LP increased its holdings in Prologis by 1,371.2% in the 1st quarter. Quarry LP now owns 868 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 809 shares during the period. Focus Partners Advisor Solutions LLC raised its position in shares of Prologis by 56.7% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 6,139 shares of the real estate investment trust’s stock valued at $686,000 after buying an additional 2,222 shares in the last quarter. First Manhattan CO. LLC. lifted its holdings in shares of Prologis by 86.0% during the 1st quarter. First Manhattan CO. LLC. now owns 22,495 shares of the real estate investment trust’s stock worth $2,515,000 after acquiring an additional 10,400 shares during the period. Finally, EP Wealth Advisors LLC increased its stake in Prologis by 107.3% in the first quarter. EP Wealth Advisors LLC now owns 30,492 shares of the real estate investment trust’s stock valued at $3,409,000 after acquiring an additional 15,782 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Up 0.4%

Shares of PLD opened at $128.96 on Wednesday. The company has a market capitalization of $119.79 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 3.95 and a beta of 1.39. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $126.69 and a two-hundred day simple moving average of $116.41. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $131.70.

Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter. The business had revenue of $2.21 billion during the quarter. Prologis had a return on equity of 5.55% and a net margin of 36.71%. As a group, equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, December 16th. Prologis’s payout ratio is presently 117.78%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PLD. BMO Capital Markets raised Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 target price for the company in a research note on Monday, October 20th. Bank of America upgraded Prologis from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $118.00 to $130.00 in a research note on Tuesday, September 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a report on Monday. Mizuho boosted their target price on shares of Prologis from $118.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Finally, Evercore ISI increased their target price on shares of Prologis from $116.00 to $118.00 in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.00.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the sale, the director owned 8,208 shares in the company, valued at $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.57% of the company’s stock.

Prologis Profile

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.