Sanctuary Advisors LLC Sells 3,677 Shares of Prologis, Inc. $PLD

Sanctuary Advisors LLC trimmed its position in shares of Prologis, Inc. (NYSE:PLD) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 165,066 shares of the real estate investment trust’s stock after selling 3,677 shares during the period. Sanctuary Advisors LLC’s holdings in Prologis were worth $21,818,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nvwm LLC increased its holdings in shares of Prologis by 6,069.7% in the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after buying an additional 15,235 shares during the period. CIBC Bancorp USA Inc. bought a new position in Prologis during the 3rd quarter worth approximately $42,158,000. Murphy Middleton Hinkle & Parker Inc. bought a new position in Prologis during the 4th quarter worth approximately $2,581,000. Avanza Fonder AB increased its stake in Prologis by 8.4% in the 4th quarter. Avanza Fonder AB now owns 70,789 shares of the real estate investment trust’s stock worth $9,037,000 after purchasing an additional 5,508 shares during the period. Finally, Swiss Life Asset Management Ltd increased its stake in Prologis by 19.6% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 172,836 shares of the real estate investment trust’s stock worth $19,793,000 after purchasing an additional 28,349 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is owned by insiders.

Prologis Trading Up 0.7%

PLD opened at $143.46 on Thursday. Prologis, Inc. has a one year low of $103.41 and a one year high of $150.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The business has a 50 day simple moving average of $142.87 and a two-hundred day simple moving average of $137.67. The firm has a market capitalization of $133.75 billion, a price-to-earnings ratio of 36.14 and a beta of 1.32.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the company earned $1.43 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts predict that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $1.07 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Mizuho increased their price objective on Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Wall Street Zen downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Scotiabank lowered shares of Prologis from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $154.00 to $146.00 in a report on Thursday, June 18th. Jefferies Financial Group lowered their price target on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 price target on shares of Prologis in a research report on Friday, April 17th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.00.

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.