Teachers Advisors LLC boosted its stake in shares of Prologis Inc (NYSE:PLD) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,822,506 shares of the real estate investment trust’s stock after buying an additional 39,053 shares during the period. Teachers Advisors LLC owned approximately 0.53% of Prologis worth $182,080,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Creative Planning raised its holdings in Prologis by 38.2% during the 4th quarter. Creative Planning now owns 4,778 shares of the real estate investment trust’s stock worth $308,000 after buying an additional 1,321 shares during the period. AXA grew its stake in shares of Prologis by 11.8% during the 3rd quarter. AXA now owns 607,941 shares of the real estate investment trust’s stock worth $38,580,000 after acquiring an additional 64,245 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Prologis by 8.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 8,652,177 shares of the real estate investment trust’s stock worth $558,151,000 after acquiring an additional 638,453 shares in the last quarter. Hedeker Wealth LLC grew its stake in shares of Prologis by 6.9% during the 4th quarter. Hedeker Wealth LLC now owns 29,083 shares of the real estate investment trust’s stock worth $1,876,000 after acquiring an additional 1,875 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Prologis by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,107,980 shares of the real estate investment trust’s stock worth $704,913,000 after acquiring an additional 146,077 shares in the last quarter. Hedge funds and other institutional investors own 95.39% of the company’s stock.
In other news, Director William D. Zollars sold 4,020 shares of Prologis stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total transaction of $243,129.60. Following the completion of the sale, the director now owns 20,225 shares of the company’s stock, valued at $1,223,208. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas S. Olinger sold 46,200 shares of Prologis stock in a transaction on Monday, December 18th. The stock was sold at an average price of $66.33, for a total value of $3,064,446.00. Following the sale, the chief financial officer now directly owns 36,325 shares of the company’s stock, valued at approximately $2,409,437.25. The disclosure for this sale can be found here. Insiders have sold 70,872 shares of company stock valued at $4,646,598 in the last three months. Insiders own 1.31% of the company’s stock.
Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. Prologis had a return on equity of 9.12% and a net margin of 63.11%. The business had revenue of $550.65 million during the quarter, compared to the consensus estimate of $533.54 million. During the same quarter last year, the firm posted $0.63 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. equities research analysts expect that Prologis Inc will post 2.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.48 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.01%. This is an increase from Prologis’s previous quarterly dividend of $0.44. Prologis’s dividend payout ratio (DPR) is currently 57.52%.
PLD has been the subject of several research reports. Zacks Investment Research cut shares of Prologis from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Evercore ISI raised shares of Prologis from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Barclays reissued an “overweight” rating and issued a $72.00 target price on shares of Prologis in a research note on Friday, February 16th. KeyCorp reissued a “buy” rating and issued a $72.00 target price on shares of Prologis in a research note on Thursday, December 21st. Finally, BMO Capital Markets set a $68.00 target price on shares of Prologis and gave the company a “buy” rating in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Prologis has an average rating of “Buy” and a consensus target price of $67.56.
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Prologis Company Profile
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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