Mn Services Vermogensbeheer B.V. boosted its position in shares of Prologis Inc (NYSE:PLD) by 1.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,219 shares of the real estate investment trust’s stock after buying an additional 1,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Prologis were worth $7,786,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc boosted its holdings in shares of Prologis by 17.4% during the 3rd quarter. Vanguard Group Inc now owns 81,760,597 shares of the real estate investment trust’s stock valued at $5,542,552,000 after acquiring an additional 12,095,509 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Prologis by 2.0% during the 4th quarter. BlackRock Inc. now owns 66,632,462 shares of the real estate investment trust’s stock valued at $3,912,659,000 after acquiring an additional 1,302,676 shares during the last quarter. Cohen & Steers Inc. boosted its holdings in shares of Prologis by 1.0% during the 4th quarter. Cohen & Steers Inc. now owns 22,757,529 shares of the real estate investment trust’s stock valued at $1,336,322,000 after acquiring an additional 229,520 shares during the last quarter. FMR LLC boosted its holdings in shares of Prologis by 1.7% during the 4th quarter. FMR LLC now owns 19,974,330 shares of the real estate investment trust’s stock valued at $1,172,893,000 after acquiring an additional 329,598 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Prologis by 118.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,082,538 shares of the real estate investment trust’s stock valued at $1,158,026,000 after acquiring an additional 9,255,117 shares during the last quarter. Institutional investors own 94.95% of the company’s stock.
In related news, insider Edward S. Nekritz sold 16,059 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $71.86, for a total value of $1,153,999.74. Following the completion of the transaction, the insider now directly owns 51,792 shares of the company’s stock, valued at $3,721,773.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Edward S. Nekritz sold 30,671 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $75.01, for a total transaction of $2,300,631.71. Following the completion of the transaction, the insider now directly owns 21,121 shares of the company’s stock, valued at $1,584,286.21. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
NYSE PLD opened at $76.01 on Thursday. The company has a market cap of $47.35 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 4.17 and a beta of 1.03. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.42. Prologis Inc has a 12 month low of $55.21 and a 12 month high of $78.56.
Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, April 16th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $696.80 million for the quarter, compared to analysts’ expectations of $687.21 million. Prologis had a net margin of 56.56% and a return on equity of 6.83%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share. As a group, analysts expect that Prologis Inc will post 3.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Wednesday, June 12th. Prologis’s dividend payout ratio (DPR) is presently 69.97%.
A number of brokerages have recently issued reports on PLD. Barclays reaffirmed a “buy” rating on shares of Prologis in a report on Thursday, February 21st. Zacks Investment Research upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research note on Friday, April 26th. BMO Capital Markets reiterated a “buy” rating and issued a $70.00 price objective on shares of Prologis in a research note on Sunday, April 21st. Citigroup upgraded shares of Prologis to a “buy” rating in a research note on Wednesday, May 1st. Finally, KeyCorp increased their price objective on shares of Prologis from $72.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $74.15.
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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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