Generali Asset Management SPA SGR Has $11.49 Million Holdings in Prologis, Inc. $PLD

Generali Asset Management SPA SGR lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 33.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,314 shares of the real estate investment trust’s stock after acquiring an additional 25,133 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Prologis were worth $11,488,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PLD. Clayton Financial Group LLC bought a new stake in Prologis during the third quarter worth approximately $26,000. Barrett & Company Inc. bought a new position in shares of Prologis in the second quarter valued at approximately $44,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Prologis in the second quarter worth $44,000. Toth Financial Advisory Corp bought a new stake in shares of Prologis during the 3rd quarter worth $52,000. Finally, Sound Income Strategies LLC grew its stake in Prologis by 32.1% in the 3rd quarter. Sound Income Strategies LLC now owns 482 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 117 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on PLD shares. Scotiabank lifted their target price on shares of Prologis from $127.00 to $133.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. BMO Capital Markets upgraded Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective on the stock in a research note on Monday, October 20th. Barclays cut their price objective on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research report on Monday, September 15th. Wells Fargo & Company raised their target price on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Finally, Industrial Alliance Securities set a $119.00 price target on Prologis in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and an average target price of $128.24.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction on Monday, December 1st. The shares were 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. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by company insiders.

Prologis Stock Down 1.0%

NYSE PLD opened at $127.71 on Friday. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $131.70. The stock has a market cap of $118.63 billion, a PE ratio of 37.23, a PEG ratio of 3.92 and a beta of 1.40. The firm has a 50-day simple moving average of $126.76 and a 200 day simple moving average of $116.57. 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 posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.82 EPS for the quarter. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The firm had revenue of $2.21 billion during the quarter. On average, research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

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

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.