Prologis, Inc. $PLD Stock Holdings Boosted by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lifted its position in Prologis, Inc. (NYSE:PLD) by 33.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 100,314 shares of the real estate investment trust’s stock after buying an additional 25,133 shares during the period. Generali Asset Management SPA SGR’s holdings in Prologis were worth $11,488,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ignite Planners LLC raised its position in Prologis by 3.2% in the third quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock worth $336,000 after acquiring an additional 92 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Prologis by 0.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock valued at $1,438,000 after purchasing an additional 93 shares in the last quarter. Michael S. Ryan Inc. grew its stake in shares of Prologis by 2.9% in the 2nd quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust’s stock worth $348,000 after purchasing an additional 94 shares during the last quarter. Stableford Capital II LLC raised its holdings in shares of Prologis by 0.4% in the 3rd quarter. Stableford Capital II LLC now owns 21,090 shares of the real estate investment trust’s stock worth $2,415,000 after purchasing an additional 94 shares in the last quarter. Finally, Palogic Value Management L.P. increased its holdings in shares of Prologis by 4.7% in the second quarter. Palogic Value Management L.P. now owns 2,130 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Bank of America upgraded Prologis from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $118.00 to $130.00 in a report on Tuesday, September 16th. Evercore ISI lifted their price target on Prologis from $116.00 to $118.00 in a report on Monday, December 22nd. Mizuho upped their price target on Prologis from $118.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Truist Financial restated a “buy” rating and set a $131.00 price objective (up from $120.00) on shares of Prologis in a research report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a research note on Monday. 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.24.

Insider Transactions at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the business’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 completion of the sale, the director directly owned 8,208 shares of the company’s stock, 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 at this hyperlink. 0.57% of the stock is owned by company insiders.

Prologis Price Performance

PLD opened at $127.71 on Friday. The stock has a market cap of $118.63 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 3.92 and a beta of 1.40. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $131.70. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average price of $126.76 and a 200 day moving average price of $116.57.

Prologis (NYSE:PLD) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.82 earnings per share 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%. Analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 117.78%.

Prologis Company 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.