Vontobel Holding Ltd. Has $13.90 Million Stock Holdings in Prologis, Inc. $PLD

Vontobel Holding Ltd. increased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 11.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,377 shares of the real estate investment trust’s stock after purchasing an additional 12,531 shares during the period. Vontobel Holding Ltd.’s holdings in Prologis were worth $13,900,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Jump Financial LLC acquired a new stake in shares of Prologis in the 1st quarter valued at about $2,120,000. Inspire Investing LLC raised its stake in Prologis by 9.0% during the 1st quarter. Inspire Investing LLC now owns 90,605 shares of the real estate investment trust’s stock worth $10,129,000 after buying an additional 7,518 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Prologis in the second quarter worth approximately $875,000. Zurich Insurance Group Ltd FI acquired a new stake in Prologis in the first quarter valued at approximately $21,792,000. Finally, Coordinated Financial Services Inc. bought a new stake in shares of Prologis during the second quarter valued at approximately $389,000. 93.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction dated 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. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 1,621 shares of company stock valued at $198,655 over the last 90 days. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on PLD shares. Evercore ISI lifted their price target on shares of Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a research report on Thursday, October 16th. UBS Group set a $138.00 price objective on shares of Prologis in a research note on Thursday, December 4th. Industrial Alliance Securities set a $119.00 target price on shares of Prologis in a research report on Monday, October 20th. Barclays lowered their target price on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a report on Monday, September 15th. Finally, Bank of America upgraded Prologis from a “neutral” rating to a “buy” rating and lifted their price target for the company from $118.00 to $130.00 in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and an average target price of $126.88.

Prologis Stock Up 0.9%

PLD opened at $128.94 on Thursday. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $131.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50-day moving average is $126.36 and its 200 day moving average is $115.79. The firm has a market capitalization of $119.77 billion, a P/E ratio of 37.59, a PEG ratio of 3.92 and a beta of 1.40.

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

Prologis Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.1%. Prologis’s dividend payout ratio (DPR) 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.