Magnus Financial Group LLC bought a new position in Prologis Inc (NYSE:PLD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,044 shares of the real estate investment trust’s stock, valued at approximately $237,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. California State Teachers Retirement System raised its holdings in shares of Prologis by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 1,064,905 shares of the real estate investment trust’s stock worth $62,531,000 after acquiring an additional 5,051 shares during the period. Stifel Financial Corp raised its holdings in shares of Prologis by 4.0% during the fourth quarter. Stifel Financial Corp now owns 902,268 shares of the real estate investment trust’s stock worth $52,974,000 after acquiring an additional 35,067 shares during the period. Gideon Capital Advisors Inc. acquired a new stake in shares of Prologis during the fourth quarter worth $641,000. Flinton Capital Management LLC raised its holdings in shares of Prologis by 0.4% during the fourth quarter. Flinton Capital Management LLC now owns 206,992 shares of the real estate investment trust’s stock worth $12,155,000 after acquiring an additional 912 shares during the period. Finally, Kepos Capital LP acquired a new stake in shares of Prologis during the fourth quarter worth $5,788,000. Institutional investors own 94.82% of the company’s stock.
In other Prologis news, Director William D. Zollars sold 1,610 shares of the business’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $61.53, for a total transaction of $99,063.30. Following the sale, the director now directly owns 9,880 shares of the company’s stock, valued at approximately $607,916.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward S. Nekritz sold 32,499 shares of the business’s stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $68.32, for a total transaction of $2,220,331.68. Following the sale, the insider now directly owns 91,158 shares in the company, valued at $6,227,914.56. The disclosure for this sale can be found here. Insiders sold a total of 112,677 shares of company stock valued at $7,840,992 over the last 90 days. Corporate insiders own 1.32% of the company’s stock.
Shares of Prologis stock opened at $71.78 on Friday. Prologis Inc has a twelve month low of $55.21 and a twelve month high of $72.82. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $45.25 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 4.37 and a beta of 1.02.
Prologis (NYSE:PLD) last issued its quarterly earnings data on Tuesday, January 22nd. The real estate investment trust reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. Prologis had a net margin of 58.81% and a return on equity of 7.46%. The business had revenue of $679.20 million during the quarter, compared to analysts’ expectations of $661.64 million. During the same quarter in the previous year, the company earned $0.55 EPS. The business’s revenue was up 23.3% on a year-over-year basis. As a group, equities research analysts expect that Prologis Inc will post 3.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a $0.53 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from Prologis’s previous quarterly dividend of $0.48. This represents a $2.12 annualized dividend and a dividend yield of 2.95%. Prologis’s payout ratio is presently 63.37%.
A number of equities research analysts recently commented on the stock. Barclays restated a “buy” rating on shares of Prologis in a report on Thursday, February 21st. Robert W. Baird downgraded shares of Prologis from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $73.00 to $71.00 in a research report on Friday, March 1st. Wells Fargo & Co set a $65.00 target price on shares of Prologis and gave the company a “market perform” rating in a research report on Wednesday, January 16th. They noted that the move was a valuation call. ValuEngine raised shares of Prologis from a “hold” rating to a “buy” rating in a research report on Tuesday, January 15th. Finally, Deutsche Bank raised shares of Prologis from a “hold” rating to a “buy” rating and raised their target price for the company from $68.00 to $72.00 in a research report on Tuesday, December 18th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Prologis has a consensus rating of “Buy” and a consensus price target of $71.77.
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Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2018, 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 768 million square feet (71 million square meters) in 19 countries.
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