158,800 Shares in Prologis, Inc. $PLD Purchased by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. bought a new stake in shares of Prologis, Inc. (NYSE:PLD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 158,800 shares of the real estate investment trust’s stock, valued at approximately $18,186,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLD. Brighton Jones LLC lifted its stake in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Prologis by 31.5% in 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 purchasing an additional 2,982 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Prologis by 2.8% in the first 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 buying an additional 3,749 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Prologis in the first quarter worth $637,000. Finally, Kestra Investment Management LLC boosted its stake in Prologis by 194.9% during the first quarter. Kestra Investment Management LLC now owns 519 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 343 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Performance

NYSE:PLD opened at $127.61 on Wednesday. The company has a market capitalization of $118.53 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 3.80 and a beta of 1.40. The business has a 50 day moving average of $126.90 and a 200 day moving average of $117.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.64. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $131.70.

Prologis (NYSE:PLD) last issued its quarterly 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%. On average, sell-side analysts predict 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 was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 117.78%.

Wall Street Analyst Weigh In

PLD has been the topic of a number of research analyst reports. BMO Capital Markets upgraded Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 target price on the stock in a research note on Monday, October 20th. UBS Group set a $138.00 price objective on Prologis in a report on Thursday, December 4th. 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. Scotiabank lifted their target price on shares of Prologis from $127.00 to $133.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Finally, Industrial Alliance Securities set a $119.00 price target on shares of Prologis in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.24.

Insider Buying and Selling at Prologis

In other Prologis news, Director James B. Connor sold 80,000 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $126.58, for a total value of $10,126,400.00. The transaction 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 firm’s stock in a transaction dated 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 $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 81,121 shares of company stock valued at $10,267,210 over the last three months. 0.57% of the stock is currently owned by insiders.

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.