Prologis, Inc. $PLD Shares Sold by BDF Gestion

BDF Gestion cut its holdings in shares of Prologis, Inc. (NYSE:PLD) by 17.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,169 shares of the real estate investment trust’s stock after selling 7,937 shares during the quarter. BDF Gestion’s holdings in Prologis were worth $4,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after purchasing an additional 15,078 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Prologis by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,965,037 shares of the real estate investment trust’s stock valued at $1,113,994,000 after purchasing an additional 1,146,454 shares during the last quarter. Summit Financial LLC grew its stake in shares of Prologis by 4.6% during the 1st quarter. Summit Financial LLC now owns 14,170 shares of the real estate investment trust’s stock valued at $1,584,000 after buying an additional 621 shares during the period. CW Advisors LLC increased its holdings in shares of Prologis by 9.5% during the 1st quarter. CW Advisors LLC now owns 22,919 shares of the real estate investment trust’s stock worth $2,561,000 after buying an additional 1,989 shares during the last quarter. Finally, Compound Planning Inc. raised its position in shares of Prologis by 12.9% in the 1st quarter. Compound Planning Inc. now owns 5,678 shares of the real estate investment trust’s stock worth $635,000 after buying an additional 650 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 0.4%

Shares of NYSE:PLD opened at $127.20 on Friday. The company has a market capitalization of $118.15 billion, a price-to-earnings ratio of 37.09, a price-to-earnings-growth ratio of 3.92 and a beta of 1.40. The company has a 50 day moving average of $125.69 and a two-hundred day moving average of $115.33. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $131.70. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62.

Prologis (NYSE:PLD) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.82 earnings per share for the quarter. The business 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%. As a group, analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, December 16th. Prologis’s payout ratio is presently 117.78%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PLD. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and boosted their price target for the company from $118.00 to $130.00 in a research report on Tuesday, September 16th. Industrial Alliance Securities set a $119.00 target price on Prologis in a report on Monday, October 20th. UBS Group set a $138.00 price target on shares of Prologis in a report on Thursday, December 4th. Mizuho boosted their price objective on shares of Prologis from $118.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Finally, Wells Fargo & Company raised their target price on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $126.88.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this link. Insiders sold a total of 1,621 shares of company stock valued at $198,655 in the last 90 days. Insiders own 0.57% of the company’s stock.

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.