Prologis, Inc. $PLD Shares Bought by Trust Co. of Vermont

Trust Co. of Vermont increased its position in shares of Prologis, Inc. (NYSE:PLD) by 15.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,200 shares of the real estate investment trust’s stock after purchasing an additional 8,002 shares during the period. Trust Co. of Vermont’s holdings in Prologis were worth $6,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in shares of Prologis by 629.0% in the fourth 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. CW Advisors LLC raised its position in Prologis by 9.5% in the first quarter. CW Advisors LLC now owns 22,919 shares of the real estate investment trust’s stock worth $2,561,000 after acquiring an additional 1,989 shares in the last quarter. Compound Planning Inc. lifted its holdings in Prologis by 12.9% in the first quarter. Compound Planning Inc. now owns 5,678 shares of the real estate investment trust’s stock valued at $635,000 after acquiring an additional 650 shares during the period. Kestra Advisory Services LLC boosted its position in shares of Prologis by 1.8% during the 1st quarter. Kestra Advisory Services LLC now owns 80,570 shares of the real estate investment trust’s stock worth $9,007,000 after purchasing an additional 1,403 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 worth $5,618,000 after purchasing an additional 509 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Up 0.3%

Shares of PLD opened at $127.58 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.64. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $131.70. The stock has a market cap of $118.50 billion, a price-to-earnings ratio of 37.19, a price-to-earnings-growth ratio of 3.91 and a beta of 1.39. The firm has a 50 day simple moving average of $125.99 and a 200-day simple moving average of $115.56.

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. The company had revenue of $2.21 billion during the quarter. Prologis had a return on equity of 5.55% and a net margin of 36.71%. Equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.2%. Prologis’s payout ratio is currently 117.78%.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the sale, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 1,621 shares of company stock valued at $198,655 in the last 90 days. 0.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on PLD. Truist Financial reiterated a “buy” rating and issued a $131.00 price objective (up previously from $120.00) on shares of Prologis in a research note on Monday, October 20th. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 15th. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $118.00 to $130.00 in a research note on Tuesday, September 16th. Scotiabank raised their price objective on Prologis from $127.00 to $133.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Finally, BMO Capital Markets raised Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective for the company in a report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $126.88.

About Prologis

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.