Calamos Wealth Management LLC Buys 29,983 Shares of Prologis, Inc. $PLD

Calamos Wealth Management LLC boosted its stake in Prologis, Inc. (NYSE:PLD) by 27.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,742 shares of the real estate investment trust’s stock after purchasing an additional 29,983 shares during the quarter. Calamos Wealth Management LLC’s holdings in Prologis were worth $15,889,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC boosted its stake in Prologis by 629.0% during 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 buying an additional 15,078 shares during the last quarter. Quarry LP raised its holdings in shares of Prologis by 1,371.2% during the 1st quarter. Quarry LP now owns 868 shares of the real estate investment trust’s stock worth $97,000 after acquiring an additional 809 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its position in shares of Prologis by 56.7% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 6,139 shares of the real estate investment trust’s stock valued at $686,000 after acquiring an additional 2,222 shares during the last quarter. First Manhattan CO. LLC. grew its holdings in shares of Prologis by 86.0% in the first quarter. First Manhattan CO. LLC. now owns 22,495 shares of the real estate investment trust’s stock valued at $2,515,000 after purchasing an additional 10,400 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its position in Prologis by 107.3% in the first quarter. EP Wealth Advisors LLC now owns 30,492 shares of the real estate investment trust’s stock worth $3,409,000 after purchasing an additional 15,782 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Up 0.4%

Shares of PLD opened at $128.96 on Wednesday. The firm has a market capitalization of $119.79 billion, a P/E ratio of 37.60, a P/E/G ratio of 3.95 and a beta of 1.39. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $131.70. The firm has a fifty day moving average price of $126.69 and a 200-day moving average price of $116.41.

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

Prologis Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s dividend payout ratio is presently 117.78%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PLD. UBS Group set a $138.00 price objective on shares of Prologis in a research report on Thursday, December 4th. Wells Fargo & Company upped their target price on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Evercore ISI lifted their price target on Prologis from $116.00 to $118.00 in a research report on Monday, December 22nd. Mizuho boosted their price objective on Prologis from $118.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Finally, Bank of America upgraded Prologis from a “neutral” rating to a “buy” rating and upped their price objective for the company from $118.00 to $130.00 in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average price target of $127.00.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of Prologis 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 sale, the director directly 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 legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.57% of the company’s stock.

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.