Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Prologis Inc (NYSE:PLD) by 1.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 108,219 shares of the real estate investment trust’s stock after buying an additional 1,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Prologis were worth $7,786,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Cipher Capital LP acquired a new position in shares of Prologis during the 4th quarter worth approximately $4,142,000. Phocas Financial Corp. raised its stake in shares of Prologis by 78.5% during the 4th quarter. Phocas Financial Corp. now owns 35,214 shares of the real estate investment trust’s stock worth $2,068,000 after buying an additional 15,491 shares during the period. Candriam Luxembourg S.C.A. raised its stake in shares of Prologis by 3.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 88,103 shares of the real estate investment trust’s stock worth $5,173,000 after buying an additional 2,819 shares during the period. Wambolt & Associates LLC acquired a new position in shares of Prologis during the 4th quarter worth approximately $562,000. Finally, Miles Capital Inc. raised its stake in shares of Prologis by 19.7% during the 4th quarter. Miles Capital Inc. now owns 22,219 shares of the real estate investment trust’s stock worth $1,305,000 after buying an additional 3,659 shares during the period. 94.95% of the stock is owned by institutional investors and hedge funds.
In other Prologis news, insider Edward S. Nekritz sold 16,059 shares of Prologis stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $71.86, for a total value of $1,153,999.74. Following the transaction, the insider now directly owns 51,792 shares in the company, valued at approximately $3,721,773.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward S. Nekritz sold 30,671 shares of Prologis stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $75.01, for a total value of $2,300,631.71. Following the completion of the transaction, the insider now owns 21,121 shares in the company, valued at $1,584,286.21. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
PLD opened at $76.01 on Thursday. The company has a market cap of $47.35 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 4.17 and a beta of 1.03. Prologis Inc has a 52 week low of $55.21 and a 52 week high of $78.56. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.42.
Prologis (NYSE:PLD) last released its quarterly earnings results on Tuesday, April 16th. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $696.80 million for the quarter, compared to analyst estimates of $687.21 million. Prologis had a return on equity of 6.83% and a net margin of 56.56%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. Equities analysts predict that Prologis Inc will post 3.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.79%. The ex-dividend date is Wednesday, June 12th. Prologis’s dividend payout ratio (DPR) is 69.97%.
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Prologis Company Profile
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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