AEW Capital Management L P reduced its position in shares of Prologis Inc (NYSE:PLD) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,319,325 shares of the real estate investment trust’s stock after selling 92,932 shares during the period. Prologis makes up 6.8% of AEW Capital Management L P’s investment portfolio, making the stock its 2nd largest position. AEW Capital Management L P owned 1.00% of Prologis worth $275,967,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Delta Lloyd NV raised its position in Prologis by 9.8% in the third quarter. Delta Lloyd NV now owns 464,877 shares of the real estate investment trust’s stock valued at $24,890,000 after buying an additional 41,396 shares in the last quarter. KBC Group NV raised its position in Prologis by 5.4% in the third quarter. KBC Group NV now owns 940,524 shares of the real estate investment trust’s stock valued at $50,356,000 after buying an additional 48,602 shares in the last quarter. First National Trust Co. raised its position in Prologis by 6.0% in the third quarter. First National Trust Co. now owns 26,638 shares of the real estate investment trust’s stock valued at $1,426,000 after buying an additional 1,517 shares in the last quarter. Bridgewater Wealth & Financial Management LLC purchased a new position in Prologis during the third quarter valued at approximately $210,000. Finally, BB&T Corp raised its position in Prologis by 8.1% in the third quarter. BB&T Corp now owns 178,265 shares of the real estate investment trust’s stock valued at $9,544,000 after buying an additional 13,290 shares in the last quarter.
Prologis Inc (NYSE:PLD) traded up 0.86% during midday trading on Friday, hitting $55.24. 3,047,779 shares of the stock were exchanged. The stock has a market cap of $29.24 billion, a price-to-earnings ratio of 24.35 and a beta of 1.05. The firm’s 50-day moving average is $54.17 and its 200 day moving average is $51.62. Prologis Inc has a 52 week low of $45.93 and a 52 week high of $55.93.
Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, April 18th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Prologis had a net margin of 47.76% and a return on equity of 6.62%. The company had revenue of $629.16 million during the quarter, compared to analysts’ expectations of $555.37 million. During the same period in the previous year, the company earned $0.61 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts expect that Prologis Inc will post ($0.27) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, June 14th will be given a dividend of $0.44 per share. The ex-dividend date is Monday, June 12th. This represents a $1.76 dividend on an annualized basis and a yield of 3.21%. Prologis’s dividend payout ratio (DPR) is 74.67%.
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Several analysts have recently issued reports on PLD shares. Zacks Investment Research upgraded Prologis from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Friday, April 21st. BTIG Research reiterated a “buy” rating and issued a $57.00 price objective on shares of Prologis in a research note on Tuesday, April 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $52.00 price objective on shares of Prologis in a research note on Tuesday, February 14th. Citigroup Inc raised their price target on Prologis from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, April 25th. Finally, Evercore ISI raised their price target on Prologis from $58.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, April 19th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Prologis presently has an average rating of “Buy” and an average target price of $54.44.
In related news, insider Edward S. Nekritz sold 84,434 shares of the company’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $51.45, for a total transaction of $4,344,129.30. Following the completion of the sale, the insider now directly owns 202,115 shares of the company’s stock, valued at approximately $10,398,816.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael S. Curless sold 20,429 shares of the company’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $54.49, for a total transaction of $1,113,176.21. Following the sale, the insider now directly owns 102 shares of the company’s stock, valued at $5,557.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 280,628 shares of company stock valued at $14,827,890. 1.29% of the stock is owned by corporate insiders.
Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.
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