TPG Financial Advisors LLC Has $525,000 Stake in Prologis, Inc. (NYSE:PLD)

TPG Financial Advisors LLC grew its holdings in Prologis, Inc. (NYSE:PLD) by 15.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,189 shares of the real estate investment trust’s stock after purchasing an additional 545 shares during the quarter. TPG Financial Advisors LLC’s holdings in Prologis were worth $525,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of PLD. Vanguard Group Inc. increased its holdings in Prologis by 0.8% in the second quarter. Vanguard Group Inc. now owns 95,403,510 shares of the real estate investment trust’s stock valued at $11,403,582,000 after purchasing an additional 753,189 shares during the last quarter. State Street Corp increased its holdings in Prologis by 1.3% in the second quarter. State Street Corp now owns 42,372,276 shares of the real estate investment trust’s stock valued at $5,064,758,000 after purchasing an additional 543,417 shares during the last quarter. FMR LLC increased its holdings in Prologis by 7.9% in the second quarter. FMR LLC now owns 22,666,349 shares of the real estate investment trust’s stock valued at $2,709,309,000 after purchasing an additional 1,655,815 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Prologis by 1.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 18,100,523 shares of the real estate investment trust’s stock valued at $2,163,556,000 after purchasing an additional 327,627 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Prologis by 2.5% in the second quarter. Geode Capital Management LLC now owns 13,177,548 shares of the real estate investment trust’s stock valued at $1,570,777,000 after purchasing an additional 325,597 shares during the last quarter. 92.23% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on the company. Truist upped their price objective on Prologis from $137.00 to $158.00 and gave the company a “buy” rating in a report on Monday, October 25th. They noted that the move was a valuation call. BTIG Research boosted their target price on Prologis from $146.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, October 20th. Barclays upped their price objective on Prologis from $159.00 to $161.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 19th. Wells Fargo & Company upped their price objective on Prologis from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 26th. Finally, Robert W. Baird upped their price objective on Prologis from $108.00 to $124.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 20th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $146.47.

Prologis stock traded down $2.73 during mid-day trading on Wednesday, reaching $146.74. 19,107 shares of the company were exchanged, compared to its average volume of 2,486,281. The company has a fifty day simple moving average of $137.29 and a 200-day simple moving average of $129.14. Prologis, Inc. has a 12 month low of $93.08 and a 12 month high of $150.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a market cap of $108.49 billion, a PE ratio of 55.52, a PEG ratio of 4.58 and a beta of 0.78.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Friday, September 17th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, September 16th. This represents a $2.52 dividend on an annualized basis and a yield of 1.72%. Prologis’s dividend payout ratio (DPR) is presently 95.09%.

In related news, Director William D. Zollars sold 1,380 shares of the firm’s stock in a transaction on Monday, November 8th. The stock was sold at an average price of $146.20, for a total transaction of $201,756.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Irving F. Lyons III sold 24,000 shares of the firm’s stock in a transaction on Monday, August 30th. The shares were sold at an average price of $133.53, for a total value of $3,204,720.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 345,380 shares of company stock worth $49,569,018. Corporate insiders own 0.87% of the company’s stock.

Prologis Profile

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.

Read More: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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