LDR Capital Management LLC Takes Position in Prologis, Inc. $PLD

LDR Capital Management LLC purchased a new position in shares of Prologis, Inc. (NYSE:PLD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,275 shares of the real estate investment trust’s stock, valued at approximately $833,000. Prologis comprises approximately 1.2% of LDR Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. Ignite Planners LLC grew its holdings in shares of Prologis by 3.2% in the third quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock valued at $336,000 after acquiring an additional 92 shares in the last quarter. ORG Partners LLC grew its stake in Prologis by 3.3% in the 3rd 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 period. Stratos Wealth Partners LTD. increased its position in shares of Prologis by 0.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock valued at $1,438,000 after purchasing an additional 93 shares during the last quarter. Stableford Capital II LLC raised its stake in shares of Prologis by 0.4% during the 3rd quarter. Stableford Capital II LLC now owns 21,090 shares of the real estate investment trust’s stock worth $2,415,000 after purchasing an additional 94 shares during the period. Finally, Palogic Value Management L.P. boosted its holdings in shares of Prologis by 4.7% in the 2nd quarter. Palogic Value Management L.P. now owns 2,130 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on PLD shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. UBS Group lifted their price target on shares of Prologis from $137.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Robert W. Baird reiterated a “neutral” rating and issued a $130.00 price objective (up previously from $128.00) on shares of Prologis in a research note on Thursday, January 8th. Mizuho raised their target price on Prologis from $118.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Finally, Barclays reaffirmed an “overweight” rating and set a $139.00 price target on shares of Prologis in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the firm’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 $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James B. Connor sold 80,000 shares of Prologis stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $126.58, for a total value of $10,126,400.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 81,121 shares of company stock worth $10,267,210. 0.57% of the stock is owned by insiders.

Prologis Price Performance

Shares of NYSE PLD opened at $131.77 on Tuesday. The stock’s 50-day simple moving average is $128.03 and its two-hundred day simple moving average is $118.74. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $134.94. The firm has a market capitalization of $122.40 billion, a P/E ratio of 38.42, a P/E/G ratio of 3.91 and a beta of 1.40. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.82 EPS for the quarter. The company had revenue of $2.21 billion during the quarter. Prologis had a return on equity of 5.55% and a net margin of 36.71%. As a group, equities analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a $1.01 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $4.04 annualized dividend and a yield of 3.1%. Prologis’s payout ratio is 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.