Cwm LLC Acquires 27,334 Shares of Prologis, Inc. $PLD

Cwm LLC lifted its holdings in Prologis, Inc. (NYSE:PLD) by 89.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 57,806 shares of the real estate investment trust’s stock after acquiring an additional 27,334 shares during the quarter. Cwm LLC’s holdings in Prologis were worth $6,620,000 at the end of the most recent quarter.

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

Prologis Trading Up 0.4%

Shares of PLD opened at $128.96 on Wednesday. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $131.70. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $126.69 and its 200-day moving average price is $116.41. The firm has a market capitalization of $119.79 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 3.95 and a beta of 1.39.

Prologis (NYSE:PLD) last released its quarterly 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 net margin of 36.71% and a return on equity of 5.55%. Sell-side analysts anticipate 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. Stockholders of record on Tuesday, December 16th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 117.78%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Truist Financial reiterated a “buy” rating and issued a $131.00 price objective (up previously from $120.00) on shares of Prologis in a research report on Monday, October 20th. Bank of America raised shares of Prologis from a “neutral” rating to a “buy” rating and increased their price target for the company from $118.00 to $130.00 in a research report on Tuesday, September 16th. Wells Fargo & Company boosted their price objective on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. UBS Group set a $138.00 price objective on shares of Prologis in a research note on Thursday, December 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Insider Buying and Selling at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the sale, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by corporate insiders.

Prologis Company 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.