Calamos Wealth Management LLC Increases Stock Position in Prologis, Inc. $PLD

Calamos Wealth Management LLC boosted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 27.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,742 shares of the real estate investment trust’s stock after buying an additional 29,983 shares during the quarter. Calamos Wealth Management LLC’s holdings in Prologis were worth $15,889,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Clayton Financial Group LLC bought a new stake in Prologis during the 3rd quarter valued at $26,000. Barrett & Company Inc. bought a new position in shares of Prologis in the 2nd quarter worth $44,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Prologis during the 2nd quarter worth $44,000. Toth Financial Advisory Corp bought a new stake in Prologis during the third quarter valued at about $52,000. Finally, Sound Income Strategies LLC boosted its position in Prologis by 32.1% during the third quarter. Sound Income Strategies LLC now owns 482 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PLD shares. Barclays reduced their target price on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a report on Monday, September 15th. Mizuho boosted their price objective on shares of Prologis from $118.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. UBS Group set a $138.00 target price on shares of Prologis in a research report on Thursday, December 4th. Evercore ISI lifted their price target on shares of Prologis from $116.00 to $118.00 in a report on Monday, December 22nd. Finally, Truist Financial reaffirmed a “buy” rating and set a $131.00 price target (up from $120.00) on shares of Prologis in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $127.00.

Insider Buying and Selling

In related news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is currently owned by corporate insiders.

Prologis Price Performance

Shares of PLD opened at $128.96 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.64. The company’s fifty day moving average price is $126.69 and its 200-day moving average price is $116.41. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $131.70. The firm has a market capitalization of $119.79 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 3.95 and a beta of 1.39.

Prologis (NYSE:PLD) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter. The company had revenue of $2.21 billion during the quarter. Prologis had a return on equity of 5.55% and a net margin of 36.71%. On average, equities research analysts predict 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. Investors of record on Tuesday, December 16th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s payout ratio is 117.78%.

Prologis Profile

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.