Motco Has $294,000 Stock Holdings in Prologis, Inc. (NYSE:PLD)

Motco increased its position in shares of Prologis, Inc. (NYSE:PLD – Get Rating) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,610 shares of the real estate investment trust’s stock after acquiring an additional 472 shares during the period. Motco’s holdings in Prologis were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Atwood & Palmer Inc. acquired a new stake in shares of Prologis in the 4th quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC increased its holdings in shares of Prologis by 4,000.0% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 246 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 240 shares in the last quarter. Financial Management Professionals Inc. increased its holdings in shares of Prologis by 69.2% during the fourth quarter. Financial Management Professionals Inc. now owns 269 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 110 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of Prologis during the fourth quarter worth $30,000. Finally, First Personal Financial Services increased its holdings in shares of Prologis by 331.2% during the fourth quarter. First Personal Financial Services now owns 332 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 255 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

Analysts Set New Price Targets

PLD has been the topic of a number of recent research reports. Barclays cut their price target on Prologis from $162.00 to $160.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 31st. Robert W. Baird boosted their target price on shares of Prologis from $125.00 to $133.00 and gave the company a “neutral” rating in a research report on Thursday, April 20th. Mizuho started coverage on shares of Prologis in a research report on Monday, March 20th. They issued a “buy” rating and a $140.00 price target for the company. Raymond James lifted their price target on Prologis from $130.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Wednesday, February 1st. Finally, The Goldman Sachs Group increased their price target on Prologis from $157.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.90.

Prologis Stock Performance

Shares of NYSE:PLD traded up $1.88 during trading on Friday, hitting $123.86. 548,891 shares of the company were exchanged, compared to its average volume of 2,880,071. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $114.38 billion, a PE ratio of 36.85, a P/E/G ratio of 2.88 and a beta of 1.00. Prologis, Inc. has a 52-week low of $98.03 and a 52-week high of $138.86. The stock has a 50 day moving average of $122.26 and a 200 day moving average of $120.67.

Prologis (NYSE:PLD – Get Rating) last posted its earnings results on Tuesday, April 18th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.71). The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Prologis had a return on equity of 5.54% and a net margin of 41.06%. Prologis’s quarterly revenue was up 64.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 earnings per share. As a group, equities research analysts predict that Prologis, Inc. will post 5.49 EPS for the current year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a $0.87 dividend. The ex-dividend date is Thursday, June 15th. This represents a $3.48 annualized dividend and a yield of 2.81%. Prologis’s dividend payout ratio (DPR) is presently 105.14%.

Prologis Profile

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Prologis, Inc engages in providing logistics solutions and services. It operates through the Real Estate and Strategic Capital segments. The Real Estate segment includes rental operations and development. The Strategic Capital segment represents the management of co-investment ventures and other unconsolidated entities.