American Assets Capital Advisers LLC Has $2.54 Million Position in Prologis, Inc. (NYSE:PLD)

American Assets Capital Advisers LLC grew its position in shares of Prologis, Inc. (NYSE:PLD) by 72.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,144 shares of the real estate investment trust’s stock after purchasing an additional 8,475 shares during the quarter. Prologis makes up 0.8% of American Assets Capital Advisers LLC’s holdings, making the stock its 28th biggest holding. American Assets Capital Advisers LLC’s holdings in Prologis were worth $2,544,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLD. Semmax Financial Advisors Inc. acquired a new position in Prologis in the 2nd quarter valued at approximately $27,000. American Capital Advisory LLC bought a new position in Prologis during the 2nd quarter worth $26,000. Central Valley Advisors LLC acquired a new position in Prologis during the 2nd quarter worth about $29,000. Sunbelt Securities Inc. grew its position in shares of Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 224 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Prologis in the second quarter valued at about $31,000. 93.50% of the stock is currently owned by institutional investors.

Insider Transactions at Prologis

In related news, CIO Joseph Ghazal sold 5,200 shares of Prologis stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $129.07, for a total transaction of $671,164.00. Following the transaction, the executive now owns 13,187 shares of the company’s stock, valued at $1,702,046.09. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on PLD shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $132.00 price objective (down from $142.00) on shares of Prologis in a research note on Monday, October 21st. Morgan Stanley upped their price objective on shares of Prologis from $132.00 to $133.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Argus lifted their target price on shares of Prologis from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Evercore ISI upped their price target on shares of Prologis from $124.00 to $128.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Barclays lowered their price objective on Prologis from $142.00 to $131.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.12.

Prologis Stock Down 0.8 %

Shares of PLD traded down $0.87 during trading hours on Tuesday, reaching $113.23. The stock had a trading volume of 484,489 shares, compared to its average volume of 3,633,387. The firm has a 50-day simple moving average of $122.42 and a 200 day simple moving average of $117.85. Prologis, Inc. has a 12 month low of $101.11 and a 12 month high of $137.52. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $104.87 billion, a price-to-earnings ratio of 34.47, a P/E/G ratio of 3.04 and a beta of 1.08.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Prologis had a net margin of 39.08% and a return on equity of 5.34%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $1.30 earnings per share. Equities research analysts predict that Prologis, Inc. will post 5.45 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date was Monday, September 16th. Prologis’s dividend payout ratio is currently 116.01%.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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 1.2 billion square feet (115 million square meters) in 19 countries.