Prologis Inc (PLD) Stake Lowered by Federated Investors Inc. PA

Federated Investors Inc. PA reduced its stake in shares of Prologis Inc (NYSE:PLD) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,231 shares of the real estate investment trust’s stock after selling 1,270 shares during the quarter. Federated Investors Inc. PA’s holdings in Prologis were worth $3,365,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of PLD. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Prologis during the first quarter worth approximately $106,000. Advisors Preferred LLC raised its position in Prologis by 141.1% during the second quarter. Advisors Preferred LLC now owns 1,685 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 986 shares in the last quarter. Signaturefd LLC bought a new position in Prologis during the first quarter valued at approximately $142,000. Summit Trail Advisors LLC raised its position in Prologis by 6,714.8% during the first quarter. Summit Trail Advisors LLC now owns 144,950 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 142,823 shares in the last quarter. Finally, Smithfield Trust Co. raised its position in Prologis by 85.5% during the second quarter. Smithfield Trust Co. now owns 2,319 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 1,069 shares in the last quarter. Institutional investors and hedge funds own 80.59% of the company’s stock.

In related news, Director Irving F. Lyons III sold 4,808 shares of the business’s stock in a transaction on Friday, September 28th. The shares were sold at an average price of $67.45, for a total transaction of $324,299.60. Following the transaction, the director now owns 9,863 shares of the company’s stock, valued at $665,259.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward S. Nekritz sold 18,099 shares of the business’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $67.66, for a total transaction of $1,224,578.34. Following the transaction, the insider now directly owns 106,102 shares in the company, valued at approximately $7,178,861.32. The disclosure for this sale can be found here. In the last three months, insiders sold 52,690 shares of company stock worth $3,501,582. Insiders own 1.32% of the company’s stock.

Several equities analysts recently weighed in on PLD shares. Zacks Investment Research lowered shares of Prologis from a “buy” rating to a “hold” rating in a research report on Tuesday, June 19th. ValuEngine raised shares of Prologis from a “hold” rating to a “buy” rating in a research report on Thursday, July 5th. Jefferies Financial Group reaffirmed a “$62.97” rating and set a $79.00 price objective on shares of Prologis in a research report on Wednesday, July 18th. Robert W. Baird reaffirmed a “buy” rating and set a $73.00 price objective on shares of Prologis in a research report on Monday, July 23rd. Finally, Barclays raised their price objective on shares of Prologis from $71.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, August 2nd. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Prologis presently has a consensus rating of “Buy” and a consensus target price of $71.53.

Shares of NYSE:PLD traded down $0.29 during trading on Friday, reaching $65.24. The stock had a trading volume of 1,929,428 shares, compared to its average volume of 2,989,408. Prologis Inc has a 52 week low of $58.28 and a 52 week high of $68.20. The firm has a market cap of $42.67 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 4.43 and a beta of 0.72. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

Prologis (NYSE:PLD) last released its quarterly earnings results on Tuesday, July 17th. The real estate investment trust reported $0.71 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.71. Prologis had a net margin of 74.17% and a return on equity of 10.11%. The company had revenue of $621.00 million for the quarter, compared to analyst estimates of $557.43 million. During the same quarter last year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. Research analysts predict that Prologis Inc will post 3.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Monday, September 17th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, September 14th. Prologis’s dividend payout ratio is 68.33%.

Prologis Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 30, 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 685 million square feet (64 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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