Prologis, Inc. $PLD Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB boosted its stake in Prologis, Inc. (NYSE:PLD) by 8.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 353,788 shares of the real estate investment trust’s stock after buying an additional 26,881 shares during the quarter. Prologis makes up approximately 1.0% of E. Ohman J or Asset Management AB’s portfolio, making the stock its 21st largest holding. E. Ohman J or Asset Management AB’s holdings in Prologis were worth $40,516,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PLD. Clayton Financial Group LLC purchased a new position in shares of Prologis in the third quarter valued at approximately $26,000. Activest Wealth Management raised its stake in Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 223 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in Prologis in the 1st quarter valued at $34,000. Saudi Central Bank acquired a new stake in Prologis during the 1st quarter worth $41,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Prologis during the second quarter worth $44,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Trading Down 0.2%

PLD opened at $128.83 on Friday. The stock has a market capitalization of $119.67 billion, a PE ratio of 37.56, a P/E/G ratio of 3.95 and a beta of 1.40. Prologis, Inc. has a one year low of $85.35 and a one year high of $131.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.64 and a current ratio of 0.64. The business’s 50 day moving average price is $126.61 and its 200 day moving average price is $116.06.

Prologis (NYSE:PLD) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.82 EPS for the quarter. The company had revenue of $2.21 billion for the quarter. Prologis had a return on equity of 5.55% and a net margin of 36.71%. As a group, equities research analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, December 16th. Prologis’s payout ratio is 117.78%.

Insider Activity at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 1,621 shares of company stock valued at $198,655. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Scotiabank raised their price target on shares of Prologis from $127.00 to $133.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. Barclays decreased their target price on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research note on Monday, September 15th. UBS Group set a $138.00 price target on Prologis in a report on Thursday, December 4th. Evercore ISI lifted their price objective on Prologis from $116.00 to $118.00 in a research report on Monday, December 22nd. Finally, Bank of America upgraded Prologis from a “neutral” rating to a “buy” rating and upped their target price for the company from $118.00 to $130.00 in a report on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Prologis currently has an average rating of “Moderate Buy” and an average target price of $127.00.

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.