Prologis, Inc. (NYSE:PLD) Holdings Lifted by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV grew its position in Prologis, Inc. (NYSE:PLDGet Rating) by 42.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,466 shares of the real estate investment trust’s stock after purchasing an additional 437 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Prologis were worth $237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Planning Co of New England Inc. bought a new position in Prologis in the 4th quarter worth about $25,000. American National Bank bought a new position in shares of Prologis in the first quarter valued at approximately $26,000. William Allan LLC bought a new position in shares of Prologis in the fourth quarter valued at approximately $27,000. M&R Capital Management Inc. boosted its holdings in shares of Prologis by 245.1% in the first quarter. M&R Capital Management Inc. now owns 176 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. Finally, Lee Financial Co bought a new position in shares of Prologis in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 93.53% of the company’s stock.

In other Prologis news, Director Irving F. Lyons III sold 44,385 shares of the company’s stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $164.60, for a total value of $7,305,771.00. Following the transaction, the director now owns 22,431 shares in the company, valued at approximately $3,692,142.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Avid Modjtabai acquired 15,000 shares of the company’s stock in a transaction on Friday, May 20th. The stock was bought at an average price of $118.65 per share, for a total transaction of $1,779,750.00. Following the purchase, the director now owns 15,000 shares in the company, valued at approximately $1,779,750. The disclosure for this purchase can be found here. 0.70% of the stock is currently owned by corporate insiders.

PLD has been the subject of several recent analyst reports. StockNews.com cut shares of Prologis from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Raymond James increased their price objective on shares of Prologis from $180.00 to $190.00 and gave the company a “strong-buy” rating in a report on Monday, April 25th. BTIG Research increased their price objective on shares of Prologis from $161.00 to $193.00 and gave the company a “buy” rating in a report on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Prologis from $179.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, April 22nd. Finally, Wells Fargo & Company cut their target price on shares of Prologis from $184.00 to $160.00 in a research note on Monday, June 6th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Prologis presently has a consensus rating of “Buy” and a consensus price target of $174.75.

Shares of NYSE:PLD opened at $115.46 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market cap of $85.47 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 2.19 and a beta of 0.84. Prologis, Inc. has a 52 week low of $106.46 and a 52 week high of $174.54. The firm has a 50 day simple moving average of $135.12 and a 200 day simple moving average of $148.71.

Prologis (NYSE:PLDGet Rating) last issued its quarterly earnings results on Tuesday, April 19th. The real estate investment trust reported $1.54 EPS for the quarter, beating the consensus estimate of $0.55 by $0.99. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Prologis had a net margin of 77.08% and a return on equity of 9.98%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. On average, equities analysts predict that Prologis, Inc. will post 5.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be paid a $0.79 dividend. The ex-dividend date is Wednesday, June 15th. This represents a $3.16 annualized dividend and a yield of 2.74%. Prologis’s dividend payout ratio is presently 63.33%.

About Prologis (Get Rating)

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries.

Recommended Stories

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLDGet Rating).

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

Want More Great Investing Ideas?

Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.