Tiaa Fsb increased its position in Prologis Inc (NYSE:PLD) by 9.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 93,249 shares of the real estate investment trust’s stock after purchasing an additional 7,974 shares during the period. Tiaa Fsb’s holdings in Prologis were worth $8,703,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC boosted its stake in Prologis by 622.2% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 325 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 280 shares during the period. Hoey Investments Inc. boosted its stake in shares of Prologis by 62.5% during the 2nd quarter. Hoey Investments Inc. now owns 325 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 125 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of Prologis during the 1st quarter valued at $27,000. TCI Wealth Advisors Inc. boosted its stake in shares of Prologis by 64.3% during the 1st quarter. TCI Wealth Advisors Inc. now owns 340 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 133 shares during the period. Finally, Bay Harbor Wealth Management LLC boosted its stake in shares of Prologis by 57.4% during the 1st quarter. Bay Harbor Wealth Management LLC now owns 370 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 135 shares during the period. 94.79% of the stock is owned by hedge funds and other institutional investors.
In other Prologis news, Director Lydia H. Kennard sold 6,762 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $91.00, for a total value of $615,342.00. Following the completion of the transaction, the director now directly owns 43,024 shares of the company’s stock, valued at $3,915,184. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director George L. Fotiades sold 1,339 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $96.38, for a total transaction of $129,052.82. Following the completion of the transaction, the director now directly owns 22,710 shares of the company’s stock, valued at $2,188,789.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,863 shares of company stock worth $1,347,565. Company insiders own 0.93% of the company’s stock.
A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Prologis from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Deutsche Bank decreased their target price on shares of Prologis from $96.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Citigroup decreased their target price on shares of Prologis from $105.00 to $89.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Finally, Stifel Nicolaus lifted their target price on shares of Prologis from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Prologis has an average rating of “Buy” and a consensus price target of $94.80.
NYSE:PLD opened at $93.74 on Thursday. The firm has a market cap of $68.97 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 3.63 and a beta of 0.94. Prologis Inc has a 12 month low of $59.82 and a 12 month high of $99.79. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $93.60 and its two-hundred day moving average price is $88.89.
Prologis (NYSE:PLD) last released its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.11). The firm had revenue of $878.81 million during the quarter, compared to analyst estimates of $801.54 million. Prologis had a net margin of 48.50% and a return on equity of 6.00%. Prologis’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 earnings per share. On average, research analysts expect that Prologis Inc will post 3.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a $0.58 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.32 dividend on an annualized basis and a yield of 2.47%. Prologis’s dividend payout ratio (DPR) is presently 70.09%.
Prologis Company Profile
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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