Prologis, Inc. $PLD is Vert Asset Management LLC’s 4th Largest Position

Vert Asset Management LLC increased its stake in Prologis, Inc. (NYSE:PLD) by 4.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 192,913 shares of the real estate investment trust’s stock after buying an additional 8,662 shares during the period. Prologis comprises 7.4% of Vert Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding. Vert Asset Management LLC’s holdings in Prologis were worth $22,092,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares during the last quarter. Focus Financial Network Inc. lifted its stake in Prologis by 20.1% in the second quarter. Focus Financial Network Inc. now owns 2,514 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 421 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Prologis by 189.1% during the second quarter. Exchange Traded Concepts LLC now owns 20,429 shares of the real estate investment trust’s stock valued at $2,147,000 after purchasing an additional 13,363 shares during the period. Assenagon Asset Management S.A. increased its position in Prologis by 0.9% in the second quarter. Assenagon Asset Management S.A. now owns 29,245 shares of the real estate investment trust’s stock worth $3,074,000 after buying an additional 275 shares during the last quarter. Finally, CX Institutional increased its position in Prologis by 45.7% in the second quarter. CX Institutional now owns 4,208 shares of the real estate investment trust’s stock worth $442,000 after buying an additional 1,319 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the topic of a number of research reports. BTIG Research boosted their price objective on Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. UBS Group lifted their target price on shares of Prologis from $137.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Wells Fargo & Company boosted their price target on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Industrial Alliance Securities set a $119.00 price objective on shares of Prologis in a report on Monday, October 20th. Finally, Morgan Stanley set a $135.00 price objective on shares of Prologis in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Prologis has an average rating of “Moderate Buy” and an average target price of $133.00.

Prologis Price Performance

NYSE:PLD traded down $1.50 during mid-day trading on Tuesday, hitting $131.71. 365,073 shares of the stock traded hands, compared to its average volume of 2,960,942. The business’s 50-day moving average price is $128.03 and its 200 day moving average price is $118.74. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62. The company has a market cap of $122.35 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 3.91 and a beta of 1.40. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $134.94.

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

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, December 16th. Prologis’s dividend payout ratio is currently 117.78%.

Insider Transactions at Prologis

In related news, Director James B. Connor sold 80,000 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $126.58, for a total value of $10,126,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the sale, the director directly owned 8,208 shares in the company, valued at $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 81,121 shares of company stock worth $10,267,210 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Prologis Company Profile

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.