Vontobel Holding Ltd. Purchases 12,531 Shares of Prologis, Inc. $PLD

Vontobel Holding Ltd. increased its position in Prologis, Inc. (NYSE:PLD) by 11.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 121,377 shares of the real estate investment trust’s stock after purchasing an additional 12,531 shares during the period. Vontobel Holding Ltd.’s holdings in Prologis were worth $13,900,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in PLD. Brighton Jones LLC lifted its stake in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 15,078 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Prologis by 1.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 50,253 shares of the real estate investment trust’s stock valued at $5,618,000 after acquiring an additional 509 shares during the period. Jump Financial LLC bought a new stake in Prologis during the 1st quarter valued at $2,120,000. Synovus Financial Corp lifted its position in shares of Prologis by 80.7% during the first quarter. Synovus Financial Corp now owns 6,788 shares of the real estate investment trust’s stock worth $759,000 after acquiring an additional 3,032 shares in the last quarter. Finally, Harvest Portfolios Group Inc. boosted its holdings in shares of Prologis by 8.1% in the first quarter. Harvest Portfolios Group Inc. now owns 12,489 shares of the real estate investment trust’s stock worth $1,396,000 after acquiring an additional 937 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the sale, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 1,621 shares of company stock valued at $198,655. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PLD shares. Wells Fargo & Company boosted their price objective on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Truist Financial reaffirmed a “buy” rating and set a $131.00 target price (up previously from $120.00) on shares of Prologis in a report on Monday, October 20th. UBS Group set a $138.00 price target on Prologis in a research report on Thursday, December 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a research report on Monday. Finally, Barclays reduced their price objective on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research note on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $126.88.

Prologis Stock Performance

NYSE PLD opened at $128.94 on Thursday. The company has a market capitalization of $119.77 billion, a P/E ratio of 37.59, a P/E/G ratio of 3.92 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.64 and a current ratio of 0.64. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $131.70. The company has a fifty day moving average of $126.36 and a 200-day moving average of $115.79.

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

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a $1.01 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.1%. Prologis’s payout ratio 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.