Prologis, Inc. (NYSE:PLD) Shares Acquired by United Capital Financial Advisers LLC

United Capital Financial Advisers LLC lifted its holdings in shares of Prologis, Inc. (NYSE:PLDGet Rating) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,227 shares of the real estate investment trust’s stock after buying an additional 1,292 shares during the period. United Capital Financial Advisers LLC’s holdings in Prologis were worth $8,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PLD. State Street Corp boosted its position in shares of Prologis by 10.4% during the first quarter. State Street Corp now owns 51,717,111 shares of the real estate investment trust’s stock worth $8,351,279,000 after buying an additional 4,861,668 shares during the period. Cohen & Steers Inc. boosted its position in shares of Prologis by 23.5% during the first quarter. Cohen & Steers Inc. now owns 18,488,000 shares of the real estate investment trust’s stock worth $2,985,801,000 after buying an additional 3,513,643 shares during the period. Vanguard Group Inc. boosted its position in shares of Prologis by 1.9% during the first quarter. Vanguard Group Inc. now owns 97,672,838 shares of the real estate investment trust’s stock worth $15,772,211,000 after buying an additional 1,814,967 shares during the period. Wellington Management Group LLP boosted its position in shares of Prologis by 14.7% during the first quarter. Wellington Management Group LLP now owns 10,297,770 shares of the real estate investment trust’s stock worth $1,662,884,000 after buying an additional 1,319,554 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of Prologis by 22.1% during the second quarter. Lazard Asset Management LLC now owns 5,647,043 shares of the real estate investment trust’s stock worth $664,373,000 after buying an additional 1,022,909 shares during the period. 94.01% of the stock is currently owned by institutional investors and hedge funds.

Prologis Price Performance

NYSE PLD opened at $115.53 on Thursday. The business’s fifty day moving average is $107.96 and its two-hundred day moving average is $118.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.48 and a current ratio of 0.48. Prologis, Inc. has a 1 year low of $98.03 and a 1 year high of $174.54. The stock has a market capitalization of $106.64 billion, a P/E ratio of 21.43, a P/E/G ratio of 2.59 and a beta of 0.95.

Prologis (NYSE:PLDGet Rating) last announced its earnings results on Wednesday, October 19th. The real estate investment trust reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.31). Prologis had a net margin of 73.21% and a return on equity of 10.43%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the firm earned $1.04 earnings per share. Prologis’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts forecast that Prologis, Inc. will post 5.13 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Wednesday, September 14th. Prologis’s dividend payout ratio (DPR) is currently 58.63%.

Analyst Ratings Changes

Several equities research analysts recently commented on PLD shares. Stifel Nicolaus started coverage on Prologis in a report on Wednesday, October 12th. They set a “buy” rating and a $128.00 target price on the stock. Bank of America started coverage on Prologis in a report on Monday, October 24th. They set a “buy” rating and a $140.00 target price on the stock. BTIG Research dropped their target price on Prologis from $193.00 to $152.00 and set a “buy” rating on the stock in a report on Monday, October 17th. Evercore ISI boosted their target price on Prologis to $121.00 in a report on Tuesday, November 15th. Finally, Morgan Stanley started coverage on Prologis in a report on Monday, October 17th. They set an “overweight” rating and a $120.00 target price on the stock. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Prologis presently has an average rating of “Buy” and an average target price of $145.39.

About Prologis

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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, 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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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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