Rhumbline Advisers boosted its holdings in Prologis, Inc. (NYSE:PLD – Get Rating) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,354,541 shares of the real estate investment trust’s stock after purchasing an additional 1,248 shares during the quarter. Rhumbline Advisers owned about 0.18% of Prologis worth $228,051,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in Prologis by 1.6% in the third quarter. Geode Capital Management LLC now owns 13,382,116 shares of the real estate investment trust’s stock valued at $1,674,090,000 after purchasing an additional 204,568 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Prologis by 69.0% in the third quarter. Wellington Management Group LLP now owns 9,222,551 shares of the real estate investment trust’s stock valued at $1,156,785,000 after purchasing an additional 3,766,367 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Prologis by 1.3% in the third quarter. UBS Asset Management Americas Inc. now owns 7,067,646 shares of the real estate investment trust’s stock valued at $886,495,000 after purchasing an additional 92,137 shares in the last quarter. Morgan Stanley boosted its holdings in Prologis by 6.3% in the third quarter. Morgan Stanley now owns 7,053,712 shares of the real estate investment trust’s stock valued at $884,750,000 after purchasing an additional 419,476 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Prologis by 8.9% in the third quarter. Royal Bank of Canada now owns 4,310,368 shares of the real estate investment trust’s stock valued at $540,648,000 after purchasing an additional 351,510 shares in the last quarter. 93.53% of the stock is owned by hedge funds and other institutional investors.
In other Prologis news, Director Irving F. Lyons III sold 44,385 shares of the stock in a transaction on Monday, April 25th. The stock was sold at an average price of $164.60, for a total value of $7,305,771.00. Following the completion of the transaction, the director now owns 22,431 shares in the company, valued at $3,692,142.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William D. Zollars sold 1,350 shares of the stock in a transaction on Friday, March 25th. The stock was sold at an average price of $155.68, for a total value of $210,168.00. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.
Shares of NYSE PLD traded up $4.42 during mid-day trading on Friday, hitting $128.35. 6,521,919 shares of the company were exchanged, compared to its average volume of 4,657,740. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $156.98 and a 200-day simple moving average of $154.38. Prologis, Inc. has a 1-year low of $113.39 and a 1-year high of $174.54. The firm has a market cap of $95.01 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 2.59 and a beta of 0.82.
Prologis (NYSE:PLD – Get Rating) last issued its quarterly earnings results on Tuesday, April 19th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.99. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Prologis had a return on equity of 9.98% and a net margin of 77.08%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. Analysts anticipate that Prologis, Inc. will post 5.15 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Wednesday, June 15th. Prologis’s payout ratio is 63.33%.
Prologis Profile (Get Rating)
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries.
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