Prologis, Inc. $PLD Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its position in Prologis, Inc. (NYSE:PLD) by 30.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,619 shares of the real estate investment trust’s stock after selling 5,638 shares during the period. Oppenheimer & Co. Inc.’s holdings in Prologis were worth $1,638,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PLD. Verdence Capital Advisors LLC increased its stake in Prologis by 1.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 14,034 shares of the real estate investment trust’s stock valued at $1,822,000 after purchasing an additional 173 shares in the last quarter. Family Wealth Partners LLC grew its holdings in shares of Prologis by 11.8% during the third quarter. Family Wealth Partners LLC now owns 5,054 shares of the real estate investment trust’s stock valued at $656,000 after buying an additional 534 shares during the last quarter. James Hambro & Partners LLP grew its holdings in shares of Prologis by 19.4% during the third quarter. James Hambro & Partners LLP now owns 22,697 shares of the real estate investment trust’s stock valued at $2,948,000 after buying an additional 3,694 shares during the last quarter. Banque Pictet & Cie SA increased its position in shares of Prologis by 1,132.3% during the third quarter. Banque Pictet & Cie SA now owns 29,699 shares of the real estate investment trust’s stock worth $3,856,000 after acquiring an additional 27,289 shares in the last quarter. Finally, James T. Borello RIA bought a new stake in shares of Prologis during the third quarter worth about $40,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PLD shares. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and set a $150.00 price target for the company in a report on Tuesday, October 13th. Freedom Broker raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. BTIG Research reiterated a “buy” rating and issued a $170.00 target price on shares of Prologis in a research note on Friday, October 16th. Finally, UBS Group set a $150.00 target price on shares of Prologis in a report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.68.

Prologis Trading Up 0.1%

NYSE:PLD opened at $128.09 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $121.75 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The firm’s 50 day moving average is $132.95 and its 200 day moving average is $137.78. Prologis, Inc. has a 12 month low of $121.40 and a 12 month high of $153.35.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Wednesday, September 16th. Prologis’s payout ratio is currently 94.48%.

Prologis Profile

Prologis, Inc is a global real estate investment trust that owns, develops, acquires and manages logistics properties. Its portfolio primarily includes warehouses, distribution centers and fulfillment facilities used by retailers, manufacturers, transportation companies and other businesses to support supply-chain operations and e-commerce.

The company also provides property management, development and leasing services, along with related supply-chain and customer solutions. Through its Prologis Essentials platform, it offers services and technologies designed to help customers improve warehouse operations, including energy, mobility and operational solutions.

Prologis serves major population centers and trade corridors across North America, Europe, Asia and Latin America.