Strs Ohio Cuts Holdings in Prologis Inc (NYSE:PLD)
Strs Ohio decreased its holdings in Prologis Inc (NYSE:PLD) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,035,796 shares of the real estate investment trust’s stock after selling 14,486 shares during the period. Strs Ohio’s holdings in Prologis were worth $92,330,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. State Street Corp boosted its position in Prologis by 1.3% during the 3rd quarter. State Street Corp now owns 43,899,288 shares of the real estate investment trust’s stock valued at $3,741,097,000 after acquiring an additional 571,305 shares in the last quarter. PGGM Investments raised its holdings in Prologis by 52.2% in the 4th quarter. PGGM Investments now owns 6,304,262 shares of the real estate investment trust’s stock valued at $561,962,000 after acquiring an additional 2,162,216 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Prologis by 4.5% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,134,794 shares of the real estate investment trust’s stock worth $267,147,000 after purchasing an additional 136,053 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Prologis by 5.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,775,693 shares of the real estate investment trust’s stock worth $237,164,000 after purchasing an additional 148,355 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Prologis by 9.3% during the second quarter. UBS Group AG now owns 1,751,146 shares of the real estate investment trust’s stock worth $140,267,000 after purchasing an additional 148,847 shares during the last quarter. 95.05% of the stock is owned by institutional investors.
NYSE:PLD traded down $0.01 on Friday, hitting $95.89. 221,040 shares of the stock were exchanged, compared to its average volume of 2,142,671. The stock has a market cap of $59.35 billion, a PE ratio of 38.92, a PEG ratio of 4.14 and a beta of 0.98. The company has a current ratio of 0.53, a quick ratio of 1.27 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average of $90.06 and a 200-day moving average of $86.45. Prologis Inc has a fifty-two week low of $64.33 and a fifty-two week high of $96.38.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 19th were given a dividend of $0.53 per share. The ex-dividend date was Wednesday, December 18th. This represents a $2.12 dividend on an annualized basis and a yield of 2.21%. Prologis’s dividend payout ratio (DPR) is 64.05%.
PLD has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $96.00 price objective on Prologis and gave the company a “buy” rating in a research report on Friday, October 18th. Wells Fargo & Co upgraded Prologis from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research report on Tuesday, December 10th. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Monday. ValuEngine cut Prologis from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BTIG Research lifted their price target on Prologis from to and gave the company a “buy” rating in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $93.39.
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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