Prologis, Inc. $PLD Position Lowered by BDF Gestion

BDF Gestion trimmed its position in Prologis, Inc. (NYSE:PLD) by 17.2% in the third quarter, Holdings Channel reports. The firm owned 38,169 shares of the real estate investment trust’s stock after selling 7,937 shares during the quarter. BDF Gestion’s holdings in Prologis were worth $4,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Activest Wealth Management increased its holdings in shares of Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 223 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in Prologis during the first quarter valued at $34,000. Saudi Central Bank acquired a new stake in shares of Prologis during the first quarter worth $41,000. Barrett & Company Inc. bought a new position in shares of Prologis in the 2nd quarter worth about $44,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Prologis in the 2nd quarter valued at about $44,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

Shares of NYSE PLD opened at $127.20 on Friday. The stock has a market cap of $118.15 billion, a P/E ratio of 37.09, a P/E/G ratio of 3.92 and a beta of 1.40. The firm’s 50-day simple moving average is $125.69 and its 200 day simple moving average is $115.33. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $131.70. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62.

Prologis (NYSE:PLD) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.82 EPS for the quarter. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The firm had revenue of $2.21 billion for the quarter. Equities analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company 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 $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, December 16th. Prologis’s dividend payout ratio is 117.78%.

Insider Transactions at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 1,621 shares of company stock worth $198,655. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PLD. Evercore ISI raised their target price on shares of Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a report on Thursday, October 16th. BMO Capital Markets upgraded Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 target price on the stock in a research note on Monday, October 20th. Industrial Alliance Securities set a $119.00 price target on shares of Prologis in a research report on Monday, October 20th. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average price target of $126.88.

About Prologis

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.