Prologis, Inc. $PLD Shares Acquired by Trust Co. of Vermont

Trust Co. of Vermont increased its position in shares of Prologis, Inc. (NYSE:PLD) by 15.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,200 shares of the real estate investment trust’s stock after acquiring an additional 8,002 shares during the quarter. Trust Co. of Vermont’s holdings in Prologis were worth $6,894,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Activest Wealth Management boosted its holdings in Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 223 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new stake in shares of Prologis during the 1st quarter worth approximately $34,000. Saudi Central Bank purchased a new stake in shares of Prologis during the 1st quarter valued at approximately $41,000. Barrett & Company Inc. acquired a new position in Prologis in the second quarter valued at approximately $44,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Prologis during the second quarter worth $44,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 15th. Barclays lowered their target price on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a report on Monday, September 15th. Scotiabank boosted their price target on shares of Prologis from $127.00 to $133.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. Industrial Alliance Securities set a $119.00 price objective on shares of Prologis in a research note on Monday, October 20th. Finally, Bank of America raised shares of Prologis from a “neutral” rating to a “buy” rating and upped their target price for the stock from $118.00 to $130.00 in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.88.

Prologis Trading Up 0.3%

NYSE PLD opened at $127.58 on Tuesday. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $131.70. The firm has a 50 day moving average of $125.99 and a two-hundred day moving average of $115.56. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $118.50 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 3.91 and a beta of 1.39.

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

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, December 16th. Prologis’s dividend payout ratio is currently 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.