Mason Street Advisors LLC Purchases 1,174 Shares of Prologis Inc (PLD)

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Mason Street Advisors LLC boosted its position in Prologis Inc (NYSE:PLD) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,928 shares of the real estate investment trust’s stock after purchasing an additional 1,174 shares during the quarter. Mason Street Advisors LLC’s holdings in Prologis were worth $6,470,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Avitas Wealth Management LLC raised its position in shares of Prologis by 0.3% during the 1st quarter. Avitas Wealth Management LLC now owns 40,105 shares of the real estate investment trust’s stock worth $2,886,000 after buying an additional 138 shares in the last quarter. Ashfield Capital Partners LLC raised its position in shares of Prologis by 1.8% during the 1st quarter. Ashfield Capital Partners LLC now owns 8,550 shares of the real estate investment trust’s stock worth $615,000 after buying an additional 155 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of Prologis by 13.5% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,389 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 165 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Prologis by 35.5% during the 4th quarter. Proficio Capital Partners LLC now owns 679 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 178 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Prologis by 0.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 38,722 shares of the real estate investment trust’s stock worth $2,786,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Prologis from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. BMO Capital Markets restated a “buy” rating and set a $70.00 price target on shares of Prologis in a research report on Sunday, April 21st. Citigroup boosted their price target on shares of Prologis from $73.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Goldman Sachs Group started coverage on shares of Prologis in a research note on Wednesday. They issued a “conviction-buy” rating on the stock. Finally, Robert W. Baird cut shares of Prologis from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $73.00 to $71.00 in a research note on Friday, March 1st. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Prologis presently has an average rating of “Buy” and a consensus target price of $74.15.

Shares of PLD traded down $0.63 during mid-day trading on Friday, hitting $76.24. The company’s stock had a trading volume of 26,350 shares, compared to its average volume of 2,064,734. The stock has a market capitalization of $48.49 billion, a P/E ratio of 25.13, a P/E/G ratio of 4.23 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.36. Prologis Inc has a fifty-two week low of $55.21 and a fifty-two week high of $78.56.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, April 16th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.01. The company had revenue of $696.80 million for the quarter, compared to analysts’ expectations of $687.21 million. Prologis had a net margin of 56.56% and a return on equity of 6.83%. The business’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. As a group, equities research analysts forecast that Prologis Inc will post 3.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be paid a $0.53 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $2.12 annualized dividend and a dividend yield of 2.78%. Prologis’s dividend payout ratio is currently 69.97%.

In other news, insider Edward S. Nekritz sold 30,671 shares of Prologis stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $75.01, for a total value of $2,300,631.71. Following the transaction, the insider now directly owns 21,121 shares of the company’s stock, valued at $1,584,286.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edward S. Nekritz sold 16,059 shares of Prologis stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $71.86, for a total transaction of $1,153,999.74. Following the completion of the transaction, the insider now directly owns 51,792 shares in the company, valued at $3,721,773.12. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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Prologis Company Profile

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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