Nomura Asset Management Co. Ltd. lifted its holdings in shares of Prologis Inc (NYSE:PLD) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 510,148 shares of the real estate investment trust’s stock after acquiring an additional 5,976 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.08% of Prologis worth $40,863,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Cornerstone Advisors Inc. boosted its holdings in Prologis by 8.8% during the second quarter. Cornerstone Advisors Inc. now owns 1,601 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 130 shares during the last quarter. National Asset Management Inc. boosted its holdings in Prologis by 2.9% during the first quarter. National Asset Management Inc. now owns 4,853 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 135 shares during the last quarter. Exane Derivatives boosted its holdings in Prologis by 18.8% during the second quarter. Exane Derivatives now owns 968 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 153 shares during the last quarter. Lincoln National Corp boosted its holdings in Prologis by 4.0% during the second quarter. Lincoln National Corp now owns 4,175 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 159 shares during the last quarter. Finally, ETF Managers Group LLC boosted its holdings in Prologis by 8.6% during the first quarter. ETF Managers Group LLC now owns 2,307 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 182 shares during the last quarter. 97.08% of the stock is owned by institutional investors.

Several research firms recently weighed in on PLD. Zacks Investment Research cut shares of Prologis from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Morgan Stanley boosted their price target on shares of Prologis from $75.00 to $78.50 and gave the stock an “overweight” rating in a report on Monday, June 3rd. SunTrust Banks boosted their price target on shares of Prologis from $81.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Citigroup set a $86.00 price target on shares of Prologis and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, KeyCorp boosted their price target on shares of Prologis from $79.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $79.68.

PLD traded down $0.05 during midday trading on Friday, reaching $83.99. The company had a trading volume of 127,632 shares, compared to its average volume of 1,967,950. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market cap of $52.55 billion, a PE ratio of 27.76, a P/E/G ratio of 4.48 and a beta of 1.03. Prologis Inc has a 12-month low of $55.21 and a 12-month high of $85.76. The business has a 50-day moving average price of $82.41 and a two-hundred day moving average price of $77.40.

Prologis (NYSE:PLD) last released its earnings results on Monday, July 15th. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.16). The company had revenue of $700.69 million during the quarter, compared to analysts’ expectations of $704.19 million. Prologis had a net margin of 55.04% and a return on equity of 6.55%. The firm’s revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. On average, research analysts anticipate that Prologis Inc will post 3.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, September 19th. Prologis’s payout ratio is 69.97%.

In other Prologis news, insider Eugene F. Reilly sold 12,500 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $81.72, for a total value of $1,021,500.00. Following the transaction, the insider now directly owns 10,685 shares in the company, valued at $873,178.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas S. Olinger sold 13,051 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $82.25, for a total transaction of $1,073,444.75. Following the completion of the transaction, the chief financial officer now owns 20,667 shares in the company, valued at $1,699,860.75. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Prologis Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 768 million square feet (71 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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