Prologis, Inc. $PLD Shares Sold by Sarasin & Partners LLP

Sarasin & Partners LLP decreased its holdings in Prologis, Inc. (NYSE:PLD) by 7.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 739,473 shares of the real estate investment trust’s stock after selling 59,993 shares during the quarter. Sarasin & Partners LLP owned about 0.08% of Prologis worth $84,477,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ignite Planners LLC raised its stake in Prologis by 3.2% in the third quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock valued at $336,000 after buying an additional 92 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Prologis by 0.7% during the second quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock valued at $1,438,000 after acquiring an additional 93 shares in the last quarter. Michael S. Ryan Inc. raised its position in shares of Prologis by 2.9% in the 2nd quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust’s stock valued at $348,000 after purchasing an additional 94 shares during the last quarter. Van Hulzen Asset Management LLC raised its position in shares of Prologis by 5.6% in the 1st quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock valued at $201,000 after purchasing an additional 96 shares during the last quarter. Finally, Palogic Value Management L.P. boosted its stake in Prologis by 4.7% in the 2nd quarter. Palogic Value Management L.P. now owns 2,130 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 96 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the sale, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 1,621 shares of company stock valued at $198,655 over the last three months. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PLD. UBS Group set a $138.00 price target on shares of Prologis in a research note on Thursday, December 4th. BMO Capital Markets raised Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 target price on the stock in a research report on Monday, October 20th. Truist Financial reaffirmed a “buy” rating and set a $131.00 price target (up previously from $120.00) on shares of Prologis in a research report on Monday, October 20th. Scotiabank boosted their price target on Prologis from $127.00 to $133.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Finally, Mizuho increased their price objective on Prologis from $118.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.88.

Prologis Price Performance

NYSE:PLD opened at $127.20 on Friday. Prologis, Inc. has a one year low of $85.35 and a one year high of $131.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $118.15 billion, a price-to-earnings ratio of 37.09, a PEG ratio of 3.91 and a beta of 1.40. The firm’s fifty day moving average is $125.69 and its two-hundred day moving average is $115.37.

Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.82 earnings per share for the quarter. The business had revenue of $2.21 billion during the quarter. Prologis had a return on equity of 5.55% and a net margin of 36.71%. Research analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.2%. Prologis’s payout ratio is presently 117.78%.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.