Prologis, Inc. $PLD Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in Prologis, Inc. (NYSE:PLD) by 69.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,617 shares of the real estate investment trust’s stock after selling 15,027 shares during the period. SG Americas Securities LLC’s holdings in Prologis were worth $758,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in PLD. Ignite Planners LLC raised its position in Prologis by 3.2% in the third quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock valued at $336,000 after purchasing an additional 92 shares during the period. Stratos Wealth Partners LTD. increased its stake in Prologis by 0.7% during the second quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after purchasing an additional 93 shares during the period. Stableford Capital II LLC increased its stake in Prologis by 0.4% during the 3rd quarter. Stableford Capital II LLC now owns 21,090 shares of the real estate investment trust’s stock worth $2,415,000 after buying an additional 94 shares during the period. Palogic Value Management L.P. boosted its position in Prologis by 4.7% in the 2nd quarter. Palogic Value Management L.P. now owns 2,130 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 96 shares during the period. Finally, Pittenger & Anderson Inc. grew its stake in shares of Prologis by 23.2% in the second quarter. Pittenger & Anderson Inc. now owns 531 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 100 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James B. Connor sold 80,000 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $126.58, for a total value of $10,126,400.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 81,121 shares of company stock worth $10,267,210 in the last 90 days. 0.57% of the stock is currently owned by company insiders.

Prologis Trading Down 1.9%

Shares of Prologis stock opened at $130.74 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $128.12 and a 200-day simple moving average of $118.90. The stock has a market cap of $121.44 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 3.90 and a beta of 1.40. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $134.94.

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

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is currently 117.78%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PLD. Baird R W downgraded Prologis from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. UBS Group raised their target price on shares of Prologis from $137.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Barclays reiterated an “overweight” rating and set a $139.00 price target on shares of Prologis in a report on Tuesday, January 13th. Truist Financial raised their price objective on shares of Prologis from $131.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $133.00 to $146.00 in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.00.

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.