Virtue Capital Management LLC acquired a new position in shares of Prologis Inc (NYSE:PLD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,217 shares of the real estate investment trust’s stock, valued at approximately $143,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in PLD. Wells Fargo & Company MN lifted its holdings in shares of Prologis by 43.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,291,408 shares of the real estate investment trust’s stock valued at $212,329,000 after buying an additional 1,000,145 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Prologis by 577.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,150,785 shares of the real estate investment trust’s stock valued at $74,238,000 after buying an additional 980,885 shares during the last quarter. Swedbank lifted its holdings in shares of Prologis by 32.4% during the 4th quarter. Swedbank now owns 2,699,585 shares of the real estate investment trust’s stock valued at $174,150,000 after buying an additional 660,022 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Prologis by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,786,598 shares of the real estate investment trust’s stock valued at $749,039,000 after buying an additional 463,559 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Prologis by 0.8% during the 4th quarter. BlackRock Inc. now owns 53,388,532 shares of the real estate investment trust’s stock valued at $3,444,094,000 after buying an additional 430,576 shares during the last quarter. Hedge funds and other institutional investors own 95.39% of the company’s stock.
In other news, Director William D. Zollars sold 4,020 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total transaction of $243,129.60. Following the sale, the director now directly owns 20,225 shares in the company, valued at $1,223,208. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Thomas S. Olinger sold 46,200 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $66.33, for a total value of $3,064,446.00. Following the sale, the chief financial officer now owns 36,325 shares in the company, valued at $2,409,437.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,872 shares of company stock valued at $4,646,598. Corporate insiders own 1.31% of the company’s stock.
Prologis Inc (NYSE PLD) traded down $0.21 on Monday, reaching $63.48. The company had a trading volume of 231,231 shares, compared to its average volume of 2,743,756. Prologis Inc has a 12-month low of $48.80 and a 12-month high of $67.53. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.51. The firm has a market cap of $33,950.21, a price-to-earnings ratio of 20.81, a P/E/G ratio of 4.79 and a beta of 0.88.
Prologis (NYSE:PLD) last posted its earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Prologis had a return on equity of 9.12% and a net margin of 63.11%. The firm had revenue of $550.65 million during the quarter, compared to analyst estimates of $533.54 million. During the same period in the previous year, the company earned $0.63 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. research analysts expect that Prologis Inc will post 2.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a $0.48 dividend. This is a positive change from Prologis’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Wednesday, March 14th. Prologis’s payout ratio is 57.52%.
Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.
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