Beacon Financial Advisory LLC Raises Stake in Prologis, Inc. $PLD

Beacon Financial Advisory LLC raised its holdings in Prologis, Inc. (NYSE:PLD) by 178.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,800 shares of the real estate investment trust’s stock after purchasing an additional 7,559 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Prologis were worth $1,351,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PLD. Clayton Financial Group LLC acquired a new position in Prologis in the 3rd quarter valued at about $26,000. Silver Oak Securities Incorporated acquired a new position in shares of Prologis in the third quarter valued at approximately $36,000. Barrett & Company Inc. acquired a new position in shares of Prologis in the second quarter valued at approximately $44,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Prologis during the second quarter worth approximately $44,000. Finally, SJS Investment Consulting Inc. acquired a new stake in shares of Prologis during the third quarter worth $44,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PLD. Barclays reissued an “overweight” rating and issued a $139.00 price objective on shares of Prologis in a research note on Tuesday. BTIG Research boosted their price target on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. UBS Group raised their price objective on shares of Prologis from $137.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Industrial Alliance Securities set a $119.00 target price on Prologis in a research report on Monday, October 20th. Finally, Baird R W downgraded Prologis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.31.

Insider Activity at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the 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 sale, the director directly owned 8,208 shares in the company, valued at $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James B. Connor sold 80,000 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $126.58, for a total value of $10,126,400.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 81,121 shares of company stock worth $10,267,210 over the last quarter. Company insiders own 0.57% of the company’s stock.

Prologis Stock Performance

Shares of PLD stock opened at $133.21 on Friday. The stock has a fifty day moving average price of $127.86 and a 200 day moving average price of $118.49. 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 stock has a market cap of $123.74 billion, a PE ratio of 38.84, a P/E/G ratio of 3.91 and a beta of 1.40. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $134.94.

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

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s dividend payout ratio is 117.78%.

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.