CHICAGO TRUST Co NA Boosts Holdings in Prologis, Inc. (NYSE:PLD)

CHICAGO TRUST Co NA raised its holdings in shares of Prologis, Inc. (NYSE:PLD) by 7.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,937 shares of the real estate investment trust’s stock after acquiring an additional 210 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Prologis were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new position in Prologis during the 2nd quarter valued at about $26,000. Strategic Blueprint LLC acquired a new stake in shares of Prologis during the 2nd quarter worth about $30,000. Albion Financial Group UT acquired a new stake in shares of Prologis during the 2nd quarter worth about $48,000. Tompkins Financial Corp boosted its stake in shares of Prologis by 1,592.9% during the 1st quarter. Tompkins Financial Corp now owns 474 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 446 shares during the last quarter. Finally, Founders Capital Management boosted its stake in shares of Prologis by 98.5% during the 3rd quarter. Founders Capital Management now owns 405 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 92.23% of the company’s stock.

In other Prologis news, CEO Hamid R. Moghadam sold 305,645 shares of the business’s stock in a transaction on Friday, October 22nd. The shares were sold at an average price of $144.24, for a total transaction of $44,086,234.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William D. Zollars sold 1,380 shares of the business’s stock in a transaction on Monday, November 8th. The shares were sold at an average price of $146.20, for a total transaction of $201,756.00. The disclosure for this sale can be found here. Insiders have sold 345,380 shares of company stock worth $49,569,018 in the last quarter. Insiders own 0.87% of the company’s stock.

PLD has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Prologis from $126.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, August 18th. BTIG Research raised their price target on shares of Prologis from $146.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, October 20th. Truist raised their target price on shares of Prologis from $137.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, October 25th. They noted that the move was a valuation call. The Goldman Sachs Group raised shares of Prologis from a “buy” rating to a “conviction-buy” rating and raised their target price for the stock from $166.00 to $180.00 in a research report on Thursday, October 21st. Finally, Barclays raised their target price on shares of Prologis from $159.00 to $161.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 19th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $149.73.

Shares of PLD stock opened at $154.51 on Thursday. The stock has a market cap of $114.23 billion, a price-to-earnings ratio of 58.31, a price-to-earnings-growth ratio of 4.58 and a beta of 0.78. The firm’s 50 day moving average price is $139.36 and its two-hundred day moving average price is $130.57. Prologis, Inc. has a fifty-two week low of $93.08 and a fifty-two week high of $154.87. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.47.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, October 14th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.06). The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Prologis had a net margin of 42.95% and a return on equity of 5.42%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 EPS. On average, equities analysts forecast that Prologis, Inc. will post 4.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Stockholders of record on Friday, September 17th were paid a dividend of $0.63 per share. The ex-dividend date was Thursday, September 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.63%. Prologis’s dividend payout ratio is currently 95.09%.

About Prologis

Prologis, Inc engages in the provision of real estate investment trust services. It operates through Real Estate Operations and Strategic Capital segments. The Real Estate Operations segment represents the ownership and development of logistics properties and also includes rental revenues, recoveries and expenses recognized from its consolidated properties.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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