Rational Advisors LLC Has $29,000 Position in Prologis, Inc. (NYSE:PLD)

Rational Advisors LLC cut its position in Prologis, Inc. (NYSE:PLDGet Rating) by 95.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171 shares of the real estate investment trust’s stock after selling 3,906 shares during the period. Rational Advisors LLC’s holdings in Prologis were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PLD. Perpetual Investment Management Ltd raised its holdings in shares of Prologis by 6.4% in the 3rd quarter. Perpetual Investment Management Ltd now owns 21,838 shares of the real estate investment trust’s stock worth $2,739,000 after purchasing an additional 1,307 shares during the period. Clark Capital Management Group Inc. grew its position in shares of Prologis by 24.6% during the 3rd quarter. Clark Capital Management Group Inc. now owns 308,031 shares of the real estate investment trust’s stock valued at $38,636,000 after purchasing an additional 60,913 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Prologis by 7.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 120,618 shares of the real estate investment trust’s stock valued at $20,307,000 after purchasing an additional 8,524 shares in the last quarter. Destination Wealth Management purchased a new position in shares of Prologis during the 4th quarter valued at $536,000. Finally, Morgan Stanley grew its position in shares of Prologis by 6.3% during the 3rd quarter. Morgan Stanley now owns 7,053,712 shares of the real estate investment trust’s stock valued at $884,750,000 after purchasing an additional 419,476 shares in the last quarter. Institutional investors and hedge funds own 93.53% of the company’s stock.

In other Prologis news, Director Irving F. Lyons III sold 44,385 shares of Prologis stock in a transaction on Monday, April 25th. The shares were sold at an average price of $164.60, for a total value of $7,305,771.00. Following the completion of the transaction, the director now directly owns 22,431 shares of the company’s stock, valued at approximately $3,692,142.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William D. Zollars sold 1,350 shares of Prologis stock in a transaction on Friday, March 25th. The stock was sold at an average price of $155.68, for a total transaction of $210,168.00. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Shares of PLD stock traded up $4.42 on Friday, hitting $128.35. 6,521,919 shares of the stock traded hands, compared to its average volume of 4,657,740. The firm has a market cap of $95.01 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 2.59 and a beta of 0.82. Prologis, Inc. has a 52 week low of $113.39 and a 52 week high of $174.54. The firm has a 50 day simple moving average of $156.98 and a two-hundred day simple moving average of $154.38. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.59.

Prologis (NYSE:PLDGet Rating) last posted its earnings results on Tuesday, April 19th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.99. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Prologis had a net margin of 77.08% and a return on equity of 9.98%. Prologis’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $0.97 earnings per share. Sell-side analysts forecast that Prologis, Inc. will post 5.15 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, June 16th will be paid a dividend of $0.79 per share. The ex-dividend date is Wednesday, June 15th. This represents a $3.16 annualized dividend and a yield of 2.46%. Prologis’s payout ratio is 63.33%.

PLD has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Prologis from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Royal Bank of Canada upped their price objective on shares of Prologis from $164.00 to $170.00 in a report on Monday, January 24th. BTIG Research upped their price objective on shares of Prologis from $161.00 to $193.00 and gave the stock a “buy” rating in a report on Tuesday, April 12th. Truist Financial increased their price target on shares of Prologis from $158.00 to $166.00 in a report on Tuesday, January 18th. Finally, Robert W. Baird increased their price target on shares of Prologis from $152.00 to $175.00 in a report on Wednesday, April 20th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Prologis currently has an average rating of “Buy” and a consensus price target of $175.75.

About Prologis (Get Rating)

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, 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 984 million square feet (91 million square meters) in 19 countries.

See Also

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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