Prologis, Inc. $PLD Shares Purchased by Diversified Trust Co

Diversified Trust Co boosted its stake in shares of Prologis, Inc. (NYSE:PLD) by 260.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,161 shares of the real estate investment trust’s stock after buying an additional 10,956 shares during the period. Diversified Trust Co’s holdings in Prologis were worth $1,736,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after acquiring an additional 15,078 shares during the last quarter. Quarry LP raised its stake in Prologis by 1,371.2% during the first quarter. Quarry LP now owns 868 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 809 shares during the period. Focus Partners Advisor Solutions LLC boosted its holdings in Prologis by 56.7% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 6,139 shares of the real estate investment trust’s stock valued at $686,000 after purchasing an additional 2,222 shares during the last quarter. First Manhattan CO. LLC. grew its stake in shares of Prologis by 86.0% in the 1st quarter. First Manhattan CO. LLC. now owns 22,495 shares of the real estate investment trust’s stock valued at $2,515,000 after buying an additional 10,400 shares during the period. Finally, EP Wealth Advisors LLC increased its holdings in shares of Prologis by 107.3% during the 1st quarter. EP Wealth Advisors LLC now owns 30,492 shares of the real estate investment trust’s stock worth $3,409,000 after buying an additional 15,782 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Prologis Trading Down 1.0%

Shares of PLD stock opened at $127.71 on Thursday. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $131.70. The company has a 50 day moving average price of $126.73 and a 200 day moving average price of $116.49. The stock has a market capitalization of $118.63 billion, a P/E ratio of 37.23, a price-to-earnings-growth ratio of 3.96 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.64 and a current ratio of 0.64.

Prologis (NYSE:PLD) last released 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 for the quarter. Prologis had a net margin of 36.71% and a return on equity of 5.55%. Equities research analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $1.01 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.2%. Prologis’s dividend payout ratio (DPR) is 117.78%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Industrial Alliance Securities set a $119.00 price objective on Prologis in a report on Monday, October 20th. Evercore ISI upped their price target on Prologis from $116.00 to $118.00 in a research note on Monday, December 22nd. BMO Capital Markets upgraded Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price target for the company in a report on Monday, October 20th. Truist Financial reissued a “buy” rating and set a $131.00 price objective (up from $120.00) on shares of Prologis in a research report on Monday, October 20th. Finally, Wells Fargo & Company upped their target price 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. Two equities research 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 company. Based on data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $128.24.

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.