Nomura Holdings Inc. Sells 77,106 Shares of Prologis Inc (PLD)

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Nomura Holdings Inc. reduced its holdings in Prologis Inc (NYSE:PLD) by 82.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,613 shares of the real estate investment trust’s stock after selling 77,106 shares during the period. Nomura Holdings Inc.’s holdings in Prologis were worth $975,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of PLD. Rehmann Capital Advisory Group lifted its holdings in shares of Prologis by 13.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,389 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 165 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Prologis by 35.5% in the 4th quarter. Proficio Capital Partners LLC now owns 679 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 178 shares during the last quarter. Cornerstone Advisors Inc. lifted its holdings in shares of Prologis by 14.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,424 shares of the real estate investment trust’s stock worth $97,000 after acquiring an additional 180 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Prologis by 30.4% in the 4th quarter. AdvisorNet Financial Inc now owns 910 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 212 shares during the last quarter. Finally, Archford Capital Strategies LLC lifted its holdings in shares of Prologis by 3.0% in the 4th quarter. Archford Capital Strategies LLC now owns 7,199 shares of the real estate investment trust’s stock worth $423,000 after acquiring an additional 212 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

In related news, Director William D. Zollars sold 1,610 shares of Prologis stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $61.53, for a total transaction of $99,063.30. Following the completion of the sale, the director now owns 9,880 shares in the company, valued at approximately $607,916.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward S. Nekritz sold 32,499 shares of Prologis stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $68.32, for a total transaction of $2,220,331.68. Following the sale, the insider now owns 91,158 shares of the company’s stock, valued at approximately $6,227,914.56. The disclosure for this sale can be found here. Insiders have sold a total of 112,677 shares of company stock valued at $7,840,992 in the last quarter. 1.32% of the stock is currently owned by company insiders.

Several equities research analysts have recently issued reports on the stock. Barclays restated a “buy” rating on shares of Prologis in a report on Thursday, February 21st. Robert W. Baird lowered shares of Prologis from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $73.00 to $71.00 in a report on Friday, March 1st. Wells Fargo & Co set a $65.00 target price on shares of Prologis and gave the stock a “market perform” rating in a report on Wednesday, January 16th. They noted that the move was a valuation call. ValuEngine upgraded shares of Prologis from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. Finally, Deutsche Bank upgraded shares of Prologis from a “hold” rating to a “buy” rating and raised their target price for the stock from $68.00 to $72.00 in a report on Tuesday, December 18th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $71.77.

Shares of PLD opened at $71.64 on Friday. Prologis Inc has a 1-year low of $55.21 and a 1-year high of $72.82. The stock has a market cap of $45.25 billion, a P/E ratio of 23.64, a P/E/G ratio of 4.37 and a beta of 1.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.45 and a quick ratio of 0.45.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, January 22nd. The real estate investment trust reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Prologis had a net margin of 58.81% and a return on equity of 7.46%. The company had revenue of $679.20 million during the quarter, compared to analyst estimates of $661.64 million. During the same quarter last year, the business posted $0.55 EPS. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. Research analysts forecast that Prologis Inc will post 3.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a dividend of $0.53 per share. This is a positive change from Prologis’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, March 14th. This represents a $2.12 dividend on an annualized basis and a yield of 2.96%. Prologis’s dividend payout ratio (DPR) is presently 63.37%.

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About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2018, 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 768 million square feet (71 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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