Prologis, Inc. $PLD Stock Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 2,862.3% in the 3rd quarter, Holdings Channel reports. The fund owned 67,452 shares of the real estate investment trust’s stock after buying an additional 65,175 shares during the quarter. International Assets Investment Management LLC’s holdings in Prologis were worth $8,758,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PLD. BlackRock Inc. purchased a new stake in Prologis in the 2nd quarter worth about $14,006,587,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Prologis by 4.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,753,884 shares of the real estate investment trust’s stock valued at $1,998,709,000 after purchasing an additional 618,467 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Prologis by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 11,565,453 shares of the real estate investment trust’s stock valued at $1,528,636,000 after purchasing an additional 110,681 shares during the last quarter. Legal & General Group Plc bought a new position in Prologis during the second quarter worth about $1,473,965,000. Finally, Bank of America Corp DE bought a new position in Prologis during the second quarter worth about $1,427,256,000. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PLD shares. BMO Capital Markets reiterated an “outperform” rating on shares of Prologis in a research note on Friday, October 16th. Raymond James Financial raised shares of Prologis from a “market perform” rating to an “outperform” rating and set a $163.00 price target on the stock in a research report on Wednesday, October 21st. Jefferies Financial Group restated a “buy” rating and set a $149.00 price target on shares of Prologis in a research note on Monday, November 2nd. Mizuho raised their price objective on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Finally, Robert W. Baird reduced their price objective on shares of Prologis from $140.00 to $136.00 and set a “neutral” rating for the company in a research note on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.05.

Prologis Stock Performance

Shares of PLD opened at $127.11 on Friday. The stock’s 50-day simple moving average is $131.60 and its 200 day simple moving average is $137.71. The stock has a market capitalization of $120.82 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 1.44 and a beta of 1.27. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.81 and a current ratio of 0.81. Prologis, Inc. has a 52-week low of $121.40 and a 52-week high of $153.35.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a dividend of $1.07 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.4%. Prologis’s dividend payout ratio is currently 94.48%.

Prologis Profile

Prologis is a global logistics real estate company that owns, develops and operates warehouses, distribution centers and other facilities used to store and move goods. Its properties support customers in industries including retail, manufacturing, transportation and e-commerce.

The company also provides property management and development services and invests in logistics real estate through investment management platforms. Its facilities are located in major markets across North America, Europe, Asia and Latin America.

Prologis traces its roots to 1983, when it was established as Security Capital Industrial Trust.