Oppenheimer & Co. Inc. decreased its holdings in Prologis, Inc. (NYSE:PLD – Free Report) by 30.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,619 shares of the real estate investment trust’s stock after selling 5,638 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Prologis were worth $1,638,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of PLD. Sandy Cove Advisors LLC raised its position in shares of Prologis by 1.9% in the 2nd quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock worth $522,000 after purchasing an additional 73 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Prologis by 5.0% during the second quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 73 shares during the last quarter. Boltwood Capital Management boosted its stake in shares of Prologis by 1.5% in the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock worth $700,000 after buying an additional 75 shares during the last quarter. Hibernia Wealth Partners LLC grew its holdings in shares of Prologis by 2.5% in the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock worth $406,000 after acquiring an additional 76 shares during the period. Finally, Quadrant Private Wealth Management LLC increased its position in Prologis by 4.4% during the first quarter. Quadrant Private Wealth Management LLC now owns 1,818 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 77 shares during the last quarter. 93.50% of the stock is owned by institutional investors.
Prologis Price Performance
Shares of Prologis stock opened at $128.09 on Monday. The stock has a market cap of $121.75 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day moving average price of $132.95 and a 200-day moving average price of $137.78. Prologis, Inc. has a one year low of $121.40 and a one year high of $153.35.
Prologis Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, September 16th. Prologis’s payout ratio is currently 94.48%.
Wall Street Analysts Forecast Growth
PLD has been the subject of a number of research reports. Royal Bank Of Canada raised shares of Prologis from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $148.00 to $160.00 in a report on Tuesday, August 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Prologis in a research note on Monday. Freedom Broker raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Williams Trading set a $150.00 target price on shares of Prologis in a research note on Friday, October 16th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Prologis in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.68.
Check Out Our Latest Report on PLD
Prologis Company Profile
Prologis, Inc is a global real estate investment trust that owns, develops, acquires and manages logistics properties. Its portfolio primarily includes warehouses, distribution centers and fulfillment facilities used by retailers, manufacturers, transportation companies and other businesses to support supply-chain operations and e-commerce.
The company also provides property management, development and leasing services, along with related supply-chain and customer solutions. Through its Prologis Essentials platform, it offers services and technologies designed to help customers improve warehouse operations, including energy, mobility and operational solutions.
Prologis serves major population centers and trade corridors across North America, Europe, Asia and Latin America.
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