Torray Investment Partners LLC Has $17.18 Million Stock Holdings in Prologis, Inc. $PLD

Torray Investment Partners LLC increased its position in shares of Prologis, Inc. (NYSE:PLD) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 150,036 shares of the real estate investment trust’s stock after buying an additional 10,536 shares during the quarter. Prologis comprises about 2.3% of Torray Investment Partners LLC’s portfolio, making the stock its 18th biggest position. Torray Investment Partners LLC’s holdings in Prologis were worth $17,182,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Clayton Financial Group LLC acquired a new position in shares of Prologis during the third quarter worth approximately $26,000. Silver Oak Securities Incorporated bought a new stake in Prologis during the 3rd quarter valued at $36,000. SJS Investment Consulting Inc. bought a new stake in Prologis during the 3rd quarter valued at $44,000. Barrett & Company Inc. acquired a new position in Prologis during the second quarter worth $44,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Prologis in the second quarter valued at $44,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Transactions at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director directly owned 8,208 shares in the company, valued at $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James B. Connor sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $126.58, for a total transaction of $10,126,400.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 81,121 shares of company stock valued at $10,267,210 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Prologis Stock Performance

PLD stock opened at $129.79 on Tuesday. 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 firm has a market cap of $120.56 billion, a PE ratio of 37.84, a P/E/G ratio of 3.78 and a beta of 1.40. The business has a 50 day moving average of $126.87 and a 200-day moving average of $117.06. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $131.70.

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

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, December 16th. This represents a $4.04 annualized dividend and a yield of 3.1%. Prologis’s dividend payout ratio is presently 117.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of Prologis from $116.00 to $118.00 in a research report on Monday, December 22nd. Wells Fargo & Company lifted their price target on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Industrial Alliance Securities set a $119.00 target price on Prologis in a report on Monday, October 20th. Finally, Bank of America raised Prologis from a “neutral” rating to a “buy” rating and lifted their target price for the company from $118.00 to $130.00 in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.24.

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.