Prologis, Inc. (NYSE:PLD) Stake Lowered by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA reduced its stake in shares of Prologis, Inc. (NYSE:PLDGet Rating) by 32.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,414 shares of the real estate investment trust’s stock after selling 690 shares during the period. CHICAGO TRUST Co NA’s holdings in Prologis were worth $228,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Retirement Planning Co of New England Inc. bought a new stake in Prologis in the fourth quarter worth $25,000. American National Bank bought a new stake in Prologis in the first quarter worth $26,000. William Allan LLC bought a new stake in Prologis in the fourth quarter worth $27,000. M&R Capital Management Inc. boosted its holdings in 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 worth $28,000 after purchasing an additional 125 shares in the last quarter. Finally, Lee Financial Co bought a new stake in Prologis in the fourth quarter worth $31,000. Institutional investors and hedge funds own 93.53% of the company’s stock.

Shares of PLD opened at $115.46 on Thursday. Prologis, Inc. has a 52 week low of $106.46 and a 52 week high of $174.54. 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 firm has a market capitalization of $85.47 billion, a P/E ratio of 23.14, a P/E/G ratio of 2.19 and a beta of 0.84. The company 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 posted its quarterly earnings results on Tuesday, April 19th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.99. Prologis had a net margin of 77.08% and a return on equity of 9.98%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that Prologis, Inc. will post 5.15 earnings per share for the current year.

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

A number of equities research analysts have issued reports on PLD shares. Truist Financial decreased their price target on shares of Prologis from $166.00 to $162.00 and set a “na” rating for the company in a report on Monday, May 16th. Raymond James upped their price target 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 upped their price target on shares of Prologis from $161.00 to $193.00 and gave the company a “buy” rating in a report on Tuesday, April 12th. Evercore ISI set a $149.00 price target on shares of Prologis in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Prologis from $179.00 to $184.00 and gave the company a “buy” rating in a report on Friday, April 22nd. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Prologis has an average rating of “Buy” and an average target price of $174.75.

In other news, Director Avid Modjtabai acquired 15,000 shares of the firm’s stock in a transaction on Friday, May 20th. The shares were purchased at an average cost of $118.65 per share, with a total value of $1,779,750.00. Following the completion of the purchase, the director now owns 15,000 shares of the company’s stock, valued at $1,779,750. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William D. Zollars sold 1,350 shares of the company’s stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $155.68, for a total transaction of $210,168.00. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Prologis Company Profile (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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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