Tema Etfs LLC Purchases New Position in Prologis, Inc. $PLD

Tema Etfs LLC acquired a new position in Prologis, Inc. (NYSE:PLD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,497 shares of the real estate investment trust’s stock, valued at approximately $1,660,000.

Other large investors have also recently bought and sold shares of the company. New York State Teachers Retirement System increased its stake in shares of Prologis by 1.4% in the 3rd quarter. New York State Teachers Retirement System now owns 705,466 shares of the real estate investment trust’s stock valued at $80,790,000 after acquiring an additional 9,612 shares during the last quarter. Washington Trust Bank boosted its holdings in shares of Prologis by 0.3% in the 3rd quarter. Washington Trust Bank now owns 54,309 shares of the real estate investment trust’s stock valued at $6,219,000 after buying an additional 152 shares during the last quarter. Opal Wealth Advisors LLC grew its holdings in Prologis by 3.7% during the third quarter. Opal Wealth Advisors LLC now owns 3,021 shares of the real estate investment trust’s stock worth $346,000 after purchasing an additional 109 shares during the period. Warwick Investment Management Inc. boosted its position in Prologis by 191.0% during the third quarter. Warwick Investment Management Inc. now owns 5,799 shares of the real estate investment trust’s stock worth $664,000 after purchasing an additional 3,806 shares during the period. Finally, ORG Partners LLC grew its position in shares of Prologis by 3.3% in the third quarter. ORG Partners LLC now owns 2,867 shares of the real estate investment trust’s stock valued at $328,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PLD shares. BMO Capital Markets upgraded Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price target on the stock in a research report on Monday, October 20th. BTIG Research upped their target price on Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. Bank of America upgraded shares of Prologis from a “neutral” rating to a “buy” rating and upped their price objective for the company from $118.00 to $130.00 in a report on Tuesday, September 16th. Truist Financial reiterated a “buy” rating and set a $131.00 price target (up previously from $120.00) on shares of Prologis in a research note on Monday, October 20th. Finally, Mizuho upped their target price on Prologis from $118.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.18.

Insider Activity at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the firm’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 transaction of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares in the company, valued at $1,047,340.80. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James B. Connor sold 80,000 shares of the business’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $126.58, for a total transaction of $10,126,400.00. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 81,121 shares of company stock worth $10,267,210. Company insiders own 0.57% of the company’s stock.

Prologis Stock Down 0.3%

Shares of NYSE:PLD opened at $129.05 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.64. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $131.70. The company has a market cap of $119.87 billion, a PE ratio of 37.62, a P/E/G ratio of 3.80 and a beta of 1.40. The stock’s 50-day moving average is $127.26 and its 200 day moving average is $117.84.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.82 earnings per share for the quarter. The company 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%. Sell-side analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a dividend of $1.01 per share. The ex-dividend date was 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.