Schroder Investment Management Group Acquires 65,390 Shares of Prologis Inc (PLD)

Schroder Investment Management Group boosted its holdings in Prologis Inc (NYSE:PLD) by 1,552.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,602 shares of the real estate investment trust’s stock after buying an additional 65,390 shares during the period. Schroder Investment Management Group’s holdings in Prologis were worth $4,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wesbanco Bank Inc. boosted its holdings in Prologis by 76.9% in the 2nd quarter. Wesbanco Bank Inc. now owns 29,900 shares of the real estate investment trust’s stock valued at $1,753,000 after purchasing an additional 13,000 shares during the period. Swiss National Bank lifted its stake in Prologis by 3.2% in the second quarter. Swiss National Bank now owns 1,933,060 shares of the real estate investment trust’s stock worth $113,355,000 after purchasing an additional 60,000 shares during the last quarter. Cipher Capital LP lifted its stake in Prologis by 98.1% in the second quarter. Cipher Capital LP now owns 44,673 shares of the real estate investment trust’s stock worth $2,620,000 after purchasing an additional 22,120 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Prologis by 3,877.2% in the second quarter. Lazard Asset Management LLC now owns 2,533,654 shares of the real estate investment trust’s stock worth $148,573,000 after purchasing an additional 2,469,949 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Prologis by 1.3% in the second quarter. BlackRock Inc. now owns 51,529,145 shares of the real estate investment trust’s stock worth $3,021,668,000 after purchasing an additional 673,429 shares during the last quarter. Institutional investors and hedge funds own 95.57% of the company’s stock.

In related news, CEO Eugene F. Reilly sold 18,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $66.55, for a total transaction of $1,197,900.00. Following the transaction, the chief executive officer now owns 63,365 shares in the company, valued at $4,216,940.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eugene F. Reilly sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $66.61, for a total transaction of $999,150.00. Following the transaction, the chief executive officer now owns 63,365 shares in the company, valued at approximately $4,220,742.65. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by insiders.

Prologis Inc (PLD) traded down $0.43 during mid-day trading on Tuesday, hitting $65.73. 1,282,100 shares of the company’s stock were exchanged, compared to its average volume of 2,390,526. Prologis Inc has a 12-month low of $48.33 and a 12-month high of $67.53. The stock has a market capitalization of $35,202.55, a PE ratio of 23.88, a price-to-earnings-growth ratio of 4.36 and a beta of 0.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80.

Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. Prologis had a net margin of 68.50% and a return on equity of 9.93%. The firm had revenue of $531.18 million for the quarter, compared to analysts’ expectations of $573.68 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. research analysts expect that Prologis Inc will post 2.8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, December 15th. Prologis’s payout ratio is 52.85%.

Several analysts have weighed in on the stock. BMO Capital Markets assumed coverage on shares of Prologis in a research note on Monday, September 11th. They issued an “outperform” rating and a $69.00 price target for the company. SunTrust Banks raised shares of Prologis from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Tuesday, September 5th. Bank of America set a $72.00 price target on shares of Prologis and gave the stock a “buy” rating in a research note on Wednesday, October 25th. KeyCorp reissued a “buy” rating and issued a $65.00 price target on shares of Prologis in a research note on Friday, September 29th. Finally, BidaskClub raised shares of Prologis from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Prologis has an average rating of “Buy” and a consensus price target of $66.31.

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Prologis Company Profile

Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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