Carnegie Capital Asset Management LLC acquired a new position in Prologis Inc (NYSE:PLD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,783 shares of the real estate investment trust’s stock, valued at approximately $223,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Prologis by 622.2% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 325 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 280 shares in the last quarter. TCI Wealth Advisors Inc. boosted its holdings in shares of Prologis by 64.3% in the 1st quarter. TCI Wealth Advisors Inc. now owns 340 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 133 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Prologis in the 1st quarter worth about $27,000. Trust Co. of Vermont boosted its holdings in shares of Prologis by 73.8% in the 1st quarter. Trust Co. of Vermont now owns 372 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 158 shares in the last quarter. Finally, Archer Investment Corp purchased a new position in shares of Prologis in the 1st quarter worth about $30,000. Hedge funds and other institutional investors own 87.83% of the company’s stock.
In other news, Director Jeffrey L. Skelton sold 6,762 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $89.20, for a total value of $603,170.40. Following the completion of the transaction, the director now owns 54,791 shares of the company’s stock, valued at approximately $4,887,357.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.93% of the stock is currently owned by corporate insiders.
PLD opened at $87.55 on Friday. The business has a 50 day simple moving average of $86.26 and a two-hundred day simple moving average of $87.86. The firm has a market capitalization of $63.81 billion, a price-to-earnings ratio of 33.42, a PEG ratio of 3.38 and a beta of 0.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91 and a quick ratio of 0.91. Prologis Inc has a one year low of $59.82 and a one year high of $99.79.
Prologis (NYSE:PLD) last released its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.11). Prologis had a net margin of 48.50% and a return on equity of 6.00%. The business had revenue of $878.81 million for the quarter, compared to the consensus estimate of $801.54 million. During the same period in the previous year, the company earned $0.73 EPS. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. As a group, sell-side analysts expect that Prologis Inc will post 3.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, June 15th. Prologis’s dividend payout ratio is currently 70.09%.
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 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 768 million square feet (71 million square meters) in 19 countries.
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