Prologis, Inc. $PLD Shares Purchased by Community Trust & Investment Co.

Community Trust & Investment Co. raised its stake in Prologis, Inc. (NYSE:PLD) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,776 shares of the real estate investment trust’s stock after acquiring an additional 4,913 shares during the period. Community Trust & Investment Co.’s holdings in Prologis were worth $8,907,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after buying an additional 15,078 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Prologis by 31.5% during the first quarter. Integrated Wealth Concepts LLC now owns 12,434 shares of the real estate investment trust’s stock worth $1,390,000 after acquiring an additional 2,982 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Prologis by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 135,548 shares of the real estate investment trust’s stock worth $15,153,000 after acquiring an additional 3,749 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Prologis by 5.3% in the 1st quarter. NewEdge Advisors LLC now owns 59,755 shares of the real estate investment trust’s stock worth $6,680,000 after acquiring an additional 2,992 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Prologis in the 1st quarter valued at about $637,000. 93.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director James B. Connor sold 80,000 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $126.58, for a total transaction of $10,126,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction 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 transaction, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This trade represents a 7.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 81,121 shares of company stock worth $10,267,210 over the last ninety days. 0.57% of the stock is owned by insiders.

Prologis Stock Performance

NYSE:PLD opened at $129.79 on Tuesday. The company has a 50-day moving average of $126.87 and a 200-day moving average of $117.06. The firm has a market cap of $120.56 billion, a price-to-earnings ratio of 37.84, a price-to-earnings-growth ratio of 3.78 and a beta of 1.40. 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 twelve month low of $85.35 and a twelve month high of $131.70.

Prologis (NYSE:PLD) last released 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 during the quarter. Prologis had a net margin of 36.71% and a return on equity of 5.55%. Analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued 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 was Tuesday, December 16th. Prologis’s payout ratio is presently 117.78%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Scotiabank upped their target price on shares of Prologis from $127.00 to $133.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $118.00 to $130.00 in a report on Tuesday, September 16th. Wells Fargo & Company lifted their target price on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. BMO Capital Markets upgraded Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price target for the company in a research report on Monday, October 20th. Finally, Evercore ISI raised their price target on Prologis from $116.00 to $118.00 in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.24.

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.