Sowell Financial Services LLC Acquires Shares of 10,840 Prologis, Inc. (NYSE:PLD)

Sowell Financial Services LLC purchased a new position in shares of Prologis, Inc. (NYSE:PLDGet Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,840 shares of the real estate investment trust’s stock, valued at approximately $1,825,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. We Are One Seven LLC boosted its position in shares of Prologis by 9.4% during the fourth quarter. We Are One Seven LLC now owns 11,354 shares of the real estate investment trust’s stock worth $1,912,000 after purchasing an additional 977 shares in the last quarter. Middleton & Co Inc MA boosted its position in shares of Prologis by 8.7% during the fourth quarter. Middleton & Co Inc MA now owns 2,500 shares of the real estate investment trust’s stock worth $421,000 after purchasing an additional 200 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Prologis by 13.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 5,540 shares of the real estate investment trust’s stock worth $933,000 after purchasing an additional 647 shares in the last quarter. 55I LLC bought a new position in shares of Prologis during the fourth quarter worth $242,000. Finally, Fox Run Management L.L.C. boosted its position in shares of Prologis by 41.9% during the fourth quarter. Fox Run Management L.L.C. now owns 2,628 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 776 shares in the last quarter. 93.53% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on PLD shares. Barclays boosted their price objective on shares of Prologis from $171.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, April 21st. BTIG Research boosted their price objective on shares of Prologis from $161.00 to $193.00 and gave the company a “buy” rating in a research report on Tuesday, April 12th. Robert W. Baird boosted their price objective on shares of Prologis from $152.00 to $175.00 in a research report on Wednesday, April 20th. The Goldman Sachs Group boosted their price objective on shares of Prologis from $184.00 to $209.00 in a research report on Friday, January 21st. Finally, StockNews.com cut shares of Prologis from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $175.75.

Prologis stock opened at $152.28 on Thursday. The firm has a market capitalization of $112.73 billion, a PE ratio of 30.52, a P/E/G ratio of 3.16 and a beta of 0.82. The company’s 50-day moving average is $159.33 and its 200-day moving average is $154.96. Prologis, Inc. has a fifty-two week low of $112.00 and a fifty-two week high of $174.54. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.59.

Prologis (NYSE:PLDGet Rating) last released its quarterly earnings data on Tuesday, April 19th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.99. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Prologis had a net margin of 77.08% and a return on equity of 9.98%. Prologis’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 EPS. As a group, analysts expect that Prologis, Inc. will post 5.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 2.08%. Prologis’s dividend payout ratio is presently 63.33%.

In related news, Director Irving F. Lyons III sold 44,385 shares of Prologis stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $164.60, for a total transaction of $7,305,771.00. Following the completion of the sale, the director now owns 22,431 shares of the company’s stock, valued at approximately $3,692,142.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William D. Zollars sold 1,350 shares of Prologis 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. 0.70% of the stock is owned by insiders.

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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