Goodwin Daniel L continued to hold its stake in shares of Prologis Inc. (NYSE:PLD) during the second quarter, Holdings Channel reports. The institutional investor owned 13,168 shares of the company’s stock at the end of the second quarter. Goodwin Daniel L’s holdings in Prologis were worth $646,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Creative Planning boosted its stake in shares of Prologis by 12.7% in the second quarter. Creative Planning now owns 2,889 shares of the company’s stock worth $142,000 after buying an additional 325 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Prologis by 1,589.2% in the first quarter. Meeder Asset Management Inc. now owns 3,767 shares of the company’s stock worth $167,000 after buying an additional 3,544 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Prologis by 13.9% in the second quarter. Checchi Capital Advisers LLC now owns 5,258 shares of the company’s stock worth $258,000 after buying an additional 643 shares in the last quarter. BKD Wealth Advisors LLC boosted its stake in shares of Prologis by 1.1% in the second quarter. BKD Wealth Advisors LLC now owns 6,354 shares of the company’s stock worth $312,000 after buying an additional 68 shares in the last quarter. Finally, Commonwealth Equity Services Inc boosted its stake in shares of Prologis by 19.9% in the first quarter. Commonwealth Equity Services Inc now owns 6,559 shares of the company’s stock worth $290,000 after buying an additional 1,087 shares in the last quarter. Institutional investors own 99.84% of the company’s stock.
Prologis Inc. (NYSE:PLD) traded down 3.08% during mid-day trading on Tuesday, reaching $51.01. The company had a trading volume of 2,074,867 shares. Prologis Inc. has a 12-month low of $35.25 and a 12-month high of $54.87. The firm has a market capitalization of $26.88 billion, a price-to-earnings ratio of 31.14 and a beta of 1.30. The firm has a 50-day moving average price of $53.23 and a 200 day moving average price of $49.45.
Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, July 19th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Prologis had a net margin of 35.66% and a return on equity of 4.76%. The business earned $602 million during the quarter, compared to analyst estimates of $221.07 million. During the same period in the previous year, the business earned $0.14 EPS. Analysts expect that Prologis Inc. will post ($0.27) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were paid a $0.42 dividend. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $1.68 dividend on an annualized basis and a yield of 3.19%. Prologis’s dividend payout ratio is 103.07%.
A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Prologis from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, July 26th. Barclays PLC boosted their price objective on Prologis from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Tuesday, July 26th. RBC Capital Markets restated an “outperform” rating and set a $55.00 price objective (up previously from $48.00) on shares of Prologis in a report on Tuesday, July 26th. Morgan Stanley set a $58.00 price objective on Prologis and gave the stock a “buy” rating in a report on Tuesday, September 6th. Finally, Wells Fargo & Co. restated a “neutral” rating on shares of Prologis in a report on Sunday, September 4th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.26.
In related news, CEO Hamid R. Moghadam sold 446,991 shares of Prologis stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $54.35, for a total value of $24,293,960.85. Following the completion of the transaction, the chief executive officer now directly owns 446,991 shares in the company, valued at approximately $24,293,960.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hamid R. Moghadam sold 349,668 shares of Prologis stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $51.14, for a total transaction of $17,882,021.52. Following the completion of the transaction, the chief executive officer now owns 349,668 shares of the company’s stock, valued at $17,882,021.52. The disclosure for this sale can be found here. 1.29% of the stock is currently owned by corporate insiders.
Prologis Company Profile
Prologis, Inc is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The Company owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. Its segments include Real Estate Operations and Strategic Capital.
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