Yousif Capital Management LLC Sells 5,675 Shares of Prologis, Inc. $PLD

Yousif Capital Management LLC decreased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 3.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 144,384 shares of the real estate investment trust’s stock after selling 5,675 shares during the period. Yousif Capital Management LLC’s holdings in Prologis were worth $16,535,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Activest Wealth Management increased its holdings in Prologis by 637.1% during the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 223 shares during the period. GKV Capital Management Co. Inc. bought a new stake in Prologis during the 1st quarter valued at $34,000. Saudi Central Bank purchased a new position in shares of Prologis in the 1st quarter valued at $41,000. Barrett & Company Inc. purchased a new position in shares of Prologis in the 2nd quarter valued at $44,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Prologis in the 2nd 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 business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the sale, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders sold 1,621 shares of company stock worth $198,655. 0.57% of the stock is currently owned by insiders.

Prologis Stock Up 0.3%

PLD stock opened at $127.58 on Tuesday. 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, Inc. has a 52 week low of $85.35 and a 52 week high of $131.70. 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 firm has a 50 day moving average of $125.99 and a 200 day moving average of $115.56.

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

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $1.01 per share. 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 currently 117.78%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLD. BMO Capital Markets raised Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective on the stock in a research report on Monday, October 20th. UBS Group set a $138.00 price target on shares of Prologis in a report on Thursday, December 4th. Scotiabank boosted their price objective 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. Wells Fargo & Company increased their target price on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Finally, Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.88.

Prologis Company Profile

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.